PART 4 | Application fee for licence |
9.—(1) Subject to paragraph (2), for the purposes of section 10(2)(b) of the Act, an application fee of $1,500 must accompany every application for or to renew —| (a) | a Type 1 bicycle licence; | | (b) | a Type 2 bicycle licence; | | (c) | a Type 1 mobility vehicle licence; | | (d) | a Type 2 mobility vehicle licence; | | (e) | a Type 1 non-motorised PMD licence; or | | (f) | a Type 2 non-motorised PMD licence. |
| (2) Where an application to renew a licence mentioned in paragraph (1) is made later than the time delimited by regulation 7, a late application fee of $750 must accompany that application, in addition to the fee in paragraph (1). |
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10.—(1) For the purposes of section 11(1)(a)(i) of the Act, the licence fee payable for the grant of every licence is an amount calculated using the following formula:| (a) | A means the maximum fleet size for the licence; | | (b) | Q means —| (i) | $15 for a Type 1 bicycle licence, Type 1 mobility vehicle licence or Type 1 non‑motorised PMD licence; or | | (ii) | $6 for a Type 2 bicycle licence, Type 2 mobility vehicle licence or Type 2 non‑motorised PMD licence; and |
| | (c) | Y means —| (i) | the number of years for which the licence is specified in the licence to be valid; and | | (ii) | if any part of the period in sub‑paragraph (i) is less than a year, the number of whole months of that period expressed as a fraction of a year. |
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(2) For the purposes of section 11(1)(a)(ii) of the Act, the renewal fee payable for the renewal of every licence is an amount calculated using the following formula:| (a) | A means the maximum fleet size for the licence; | | (b) | R means —| (i) | $15 for a Type 1 bicycle licence, Type 1 mobility vehicle licence or Type 1 non‑motorised PMD licence; or | | (ii) | $6 for a Type 2 bicycle licence, Type 2 mobility vehicle licence or Type 2 non‑motorised PMD licence; and |
| | (c) | Y means —| (i) | the number of years for which the licence is specified in the licence to be valid on renewal; and | | (ii) | if any part of the period in sub‑paragraph (i) is less than a year, the number of whole months of that period expressed as a fraction of a year. |
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| Fees connected with modifying maximum fleet size in licence |
11.—(1) For the purposes of section 15(2)(b) of the Act, an application fee of $750 must accompany every application by a licensee to modify any condition in the licensee’s licence relating to the maximum fleet size so as to increase the maximum fleet size.(2) For the purposes of section 15(5)(a) of the Act, the fee payable for the grant of an application to modify any condition in a licence relating to the maximum fleet size is an amount calculated using the following formula:| (a) | S means —| (i) | $15 for a Type 1 bicycle licence, Type 1 mobility vehicle licence or Type 1 non‑motorised PMD licence; or | | (ii) | $6 for a Type 2 bicycle licence, Type 2 mobility vehicle licence or Type 2 non‑motorised PMD licence; |
| | (b) | N means the difference between —| (i) | the maximum fleet size in the licence immediately before the application was made; and | | (ii) | the higher number of vehicles fixed, upon the application, as the maximum number of vehicles the licensee may offer or expose for hiring, allow the hiring of which to end undocked or do a combination thereof, during the validity period of the licence; and |
| | (c) | Z means —| (i) | the number of years for which the licence remains valid after the grant of the application; and | | (ii) | if any part of the period in sub‑paragraph (i) is less than a year, the number of whole months of that period expressed as a fraction of a year. |
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| Waiver, refund, etc., of fees |
12.—(1) The LTA may in any particular case and if satisfied that it is just and equitable —| (a) | refund, in whole or part, any fee paid mentioned in these Regulations; or | | (b) | waive or reduce, in whole or part, any fee mentioned in these Regulations. |
(2) However, no fee paid is refundable if —| (a) | a licence is cancelled or suspended under the Act before its expiry; | | (b) | an application for or to renew a licence is withdrawn; or | | (c) | an application under section 15 of the Act to modify a licence condition is withdrawn. |
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| Interest on late payments |
13.—(1) For the purposes of section 42(1) of the Act, interest on any outstanding amount of fee or penalty mentioned in that section accrues at the rate of 4.5 percentage points above the 3‑month compounded SORA on the outstanding amount for the period —| (a) | starting the first day that fee or penalty or part of it is in arrears; and | | (b) | ending the day that fee or penalty or part of it in arrears is paid in full to the LTA. |
(2) In paragraph (1) —“3-month compounded SORA”, in relation to a period, means —| (a) | if the period or a part of the period falls within the 6‑month period beginning on 1 April of a calendar year, then, in relation to the period or the part (as the case may be) — the compounded average of the SORA values for the 3‑month period immediately before 1 March of the same calendar year, as determined and published by the Monetary Authority of Singapore on its website at https://www.mas.gov.sg or (where the website is unavailable to the public) in one or more other forms that are readily accessible by the public; or | | (b) | if the period or a part of the period falls within the 6‑month period beginning on 1 October of a calendar year, then, in relation to the period or the part (as the case may be) — the compounded average of the SORA values for the 3‑month period immediately before 1 September of the same calendar year, as determined and published by the Monetary Authority of Singapore on its website at https://www.mas.gov.sg or (where the website is unavailable to the public) in one or more other forms that are readily accessible by the public; |
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| “Singapore Overnight Rate Average” or “SORA” means the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank Singapore dollar cash market in Singapore between 8 a.m. and 6.15 p.m., as determined and published by the Monetary Authority of Singapore on its website at https://www.mas.gov.sg or (where the website is unavailable to the public) in one or more other forms that are readily accessible by the public. |
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