s 46A Reserve fund
46A.—(1) The airport licensee for an airport at Changi designated by the Minister for the purpose of this section must establish and maintain a reserve fund for the purpose of mitigating the effects of any condition or event of a significant nature which adversely affects the civil aviation system.[18/2018] (2) An airport licensee designated under subsection (1) must pay annually, within the time specified by the Authority, to —(a) the reserve fund — an annual contribution of an amount fixed by the Authority, out of the profit after tax that the licensee makes in a financial year; and (b) the Changi Airport Development Fund — a separate annual contribution of an amount fixed by the Authority, out of the profit after tax that the licensee makes in a financial year.[18/2018] (3) An airport licensee designated under subsection (1) must not withdraw any sum from the reserve fund it establishes and maintains under that subsection except with the approval of the Authority and for any purpose in that subsection.[18/2018] (4) For the purposes of subsection (2), the profit after tax that an airport licensee makes in any financial year must be determined in accordance with the Accounting Standards made or formulated under Part 3 of the Accounting Standards Act 2007 and applicable to companies in respect of their operations in Singapore, and as applied by the airport licensee for that financial year.[18/2018]