Section 70

any change in the equity structure; or

any change in the members of the board of directors of the company, or the partners of the partnership or firm, as the case may be, the licensed operator shall obtain the approval of the Director General of Land Public Transport before participating in the business or agreement.

The Director General of Land Public Transport may, upon receipt of the application under subsection (1), approve or reject the application and, if the Director General of Land Public Transport approves the application, it may impose any condition as it thinks fit.

A licensed operator operating or providing a public service vehicle service or goods vehicle service, as the case may be, who fails to comply with this section commits an offence and shall, on conviction, be liable to a fine of not less than one thousand ringgit but not more than ten thousand ringgit or to imprisonment for a term not exceeding one year or to both.

For the purpose of this section—

82 Laws of Malaysia ACT 715

“goods vehicle service” means a goods vehicle service provided by any person carrying on as his principal business, a business of carriage of goods for any third party for hire or reward by means of a goods vehicle;

“public service vehicle service” does not include a public service vehicle service involving the use of any employees buses.

Duty of licensee and licensed operator to keep records, etc.