http://classic.austlii.edu.au/au/legis/ ... n12637.pdf (pdf)
https://www.legislation.nsw.gov.au/#/view/act/2017/12 (NSW Legislation website, not pdf)
I was looking at this amendment act that was passed in April 2017. The main purpose of this act is to amend the Transport Administration Act 1988 :
*affirm that Sydney Trains and NSW Trains are not part of RailCorp
*establishing a Residual Transport Corporation (RTC)
*converting RailCorp to a state owned corporation and renamed Transport Assets Holding Entity (TAHE)
The act has been assented and Schedule 1 of the amendment act has commenced (the functions of Sydney Trains, NSW Trains, and establishment of RTC) and is now reflected on the current 1988 Act, but Schedule 2 of the amendment act (RailCorp -> TAHE) has not commenced yet (so maybe sometime this year?)
On page 23 and 24 of the pdf, RTC functions are listed as:
This is now Schedule 9 of the 1988 Act (https://www.legislation.nsw.gov.au/~/vi ... 8/109/sch9)RTC has the following functions:
(a) to hold, manage, operate and maintain transport assets vested in or
owned by it, or to be vested in or owned by it,
(b) to conduct any business (whether or not related to any of its other
functions) that it considers will further its objectives,
(c) any other functions conferred or imposed on it by or under this or any
other Act.
On page 33 of the pdf, however, TAHE (future RailCorp) functions are listed as:
Does any insider or law people know what's the difference between RTC and TAHE? Also, whats "Residual Transport" anyway?For the purposes of this Act, the listed functions of TAHE are as follows:
(a) to hold, manage, operate and maintain transport assets vested in or
owned by it, or to be vested in or owned by it,
(b) to establish, finance, acquire, construct and develop transport assets to
be vested in or owned by it,
(c) to promote and facilitate access to the part of the NSW rail network
vested in or owned by TAHE in accordance with any current NSW rail
access undertaking or otherwise lease or make available transport assets
vested in or owned by TAHE to other persons or bodies,
(d) to acquire and develop land for the purpose of enabling TAHE to carry
out its other functions (including the acquisition of land under
section 12).