s 5 Administration of Act
5.—(1) It is the function of the LTA to exercise licensing and regulatory functions in accordance with this Act with respect to the provision in Singapore of bus services and the operation of bus depots and bus interchanges, and the control of entities providing essential transport services and their equity interest holders, and to otherwise administer this Act.[Act 20 of 2024 wef 01/04/2025] (2) In discharging the functions and duties imposed on it by subsection (1), the LTA must have regard to the need —(a) for reliable, seamless and convenient passenger travel on buses and other forms of land transport in Singapore; (b) for ensuring that any person licensed or otherwise authorised under this Act to operate any bus service, bus depot or bus interchange is able to do so efficiently while maintaining independent financial viability; and (c) for sustainability, adequacy and optimisation of capacity across the network of bus services and services for train journeys within Singapore.