Public Transport Council Act 1987 PART 6 — FUEL EQUALISATION FUND

s 32–s 33 · 2 sections

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Establishment of Fuel Equalisation Fund

s 32

32. —(1) Every person to whom a Class 1 bus service licence or a licence under Part 3 of the Rapid Transit Systems Act 1995 has been granted must — ( a ) establish and maintain a Fuel Equalisation Fund (called in this Part the Fund) for the purpose of mitigating the effects of any increase in fuel price and electricity tariff; and ( b ) pay into the Fund an annual contribution of such amount as the Council may, from time to time, determine. [30/2015] (2) A person mentioned in subsection (1) must not withdraw any sum of money from the Fund except with the approval of the Council. (3) An application to withdraw any sum of money from the Fund must be made to the Council in such form or manner as the Council may require. (4) Upon receiving an application under subsection (3), the Council may — ( a ) grant the application to withdraw the sum of money from the Fund in full or in part for the purpose mentioned in subsection (1)( a ), subject to such conditions as the Council thinks fit; or [Act 17 of 2025 wef 23/09/2026] ( b ) reject the application. [22A (5) Despite subsection (4), the Council may, subject to such conditions as the Council thinks fit, grant an application to withdraw any sum of money from the Fund, for a purpose other than the purpose mentioned in subsection (1)( a ), if — ( a ) the Fund is established and maintained by a person to whom a Class 1 bus service licence has been granted (called A ); ( b ) the application is made by A ; ( c ) the sum of money applied to be withdrawn does not exceed Z; and ( d ) the sum of money that is applied to be withdrawn does not include any amount paid into the Fund under subsection (1)( b ) on or after the date of commencement of section 4 of the Transport Sector (Miscellaneous Amendments) Act 2025. [Act 17 of 2025 wef 23/09/2026] (6) In subsection (5)( c ), Z is an amount determined in accordance with the formula X – Y, where — ( a ) X is the amount standing in the Fund immediately before 1 January 2014; and ( b ) Y is the aggregate of the sum of moneys withdrawn from the Fund under subsection (4)( a ) or (5) (as the case may be) on or after 1 January 2014 but prior to the application in question. [Act 17 of 2025 wef 23/09/2026] —(1) Every person to whom a Class 1 bus service licence or a licence under Part 3 of the Rapid Transit Systems Act 1995 has been granted must — ( a ) establish and maintain a Fuel Equalisation Fund (called in this Part the Fund) for the purpose of mitigating the effects of any increase in fuel price and electricity tariff; and ( b ) pay into the Fund an annual contribution of such amount as the Council may, from time to time, determine. [30/2015] (2) A person mentioned in subsection (1) must not withdraw any sum of money from the Fund except with the approval of the Council. (3) An application to withdraw any sum of money from the Fund must be made to the Council in such form or manner as the Council may require. (4) Upon receiving an application under subsection (3), the Council may — ( a ) grant the application to withdraw the sum of money from the Fund in full or in part for the purpose mentioned in subsection (1)( a ), subject to such conditions as the Council thinks fit; or [Act 17 of 2025 wef 23/09/2026] ( b ) reject the application. [22A (5) Despite subsection (4), the Council may, subject to such conditions as the Council thinks fit, grant an application to withdraw any sum of money from the Fund, for a purpose other than the purpose mentioned in subsection (1)( a ), if — ( a ) the Fund is established and maintained by a person to whom a Class 1 bus service licence has been granted (called A ); ( b ) the application is made by A ; ( c ) the sum of money applied to be withdrawn does not exceed Z; and ( d ) the sum of money that is applied to be withdrawn does not include any amount paid into the Fund under subsection (1)( b ) on or after the date of commencement of section 4 of the Transport Sector (Miscellaneous Amendments) Act 2025. [Act 17 of 2025 wef 23/09/2026] (6) In subsection (5)( c ), Z is an amount determined in accordance with the formula X – Y, where — ( a ) X is the amount standing in the Fund immediately before 1 January 2014; and ( b ) Y is the aggregate of the sum of moneys withdrawn from the Fund under subsection (4)( a ) or (5) (as the case may be) on or after 1 January 2014 but prior to the application in question. [Act 17 of 2025 wef 23/09/2026]

Contravention of section 32

s 33

33. —(1) If the Council is satisfied that any person mentioned in section 32(1) has contravened section 32(1) or (2) or any condition imposed under section 32(4) or (5), the Council may, by written notice, require that person to pay to the Council a financial penalty in respect of the contravention of an amount not exceeding $100,000. [Act 17 of 2025 wef 23/09/2026] (2) Unless otherwise directed by the Minister, the financial penalty payable by the person under subsection (1) does not absolve the person — ( a ) from the person’s compliance with section 32(1); and ( b ) if the Council requires the person to do so, from paying into the Fund such sum of money withdrawn by the person from the Fund without the approval of the Council. (3) The Council must, in any notice requiring the payment of a financial penalty, specify the date before which the financial penalty is to be paid, being a date not earlier than the end of the period within which an appeal against the decision may be brought under section 40. (4) Any financial penalty payable by any person under subsection (1) is recoverable as a debt due to the Council from that person, and the person’s liability to pay such penalty is not affected by the person’s licence ceasing (for any reason) to be in force. [22B —(1) If the Council is satisfied that any person mentioned in section 32(1) has contravened section 32(1) or (2) or any condition imposed under section 32(4) or (5), the Council may, by written notice, require that person to pay to the Council a financial penalty in respect of the contravention of an amount not exceeding $100,000. [Act 17 of 2025 wef 23/09/2026] (2) Unless otherwise directed by the Minister, the financial penalty payable by the person under subsection (1) does not absolve the person — ( a ) from the person’s compliance with section 32(1); and ( b ) if the Council requires the person to do so, from paying into the Fund such sum of money withdrawn by the person from the Fund without the approval of the Council. (3) The Council must, in any notice requiring the payment of a financial penalty, specify the date before which the financial penalty is to be paid, being a date not earlier than the end of the period within which an appeal against the decision may be brought under section 40. (4) Any financial penalty payable by any person under subsection (1) is recoverable as a debt due to the Council from that person, and the person’s liability to pay such penalty is not affected by the person’s licence ceasing (for any reason) to be in force. [22B

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