Overview of Bill

The object of this Bill is to remove provisions in the Transport Administration Act
1988 that prohibit the portfolio Minister (the Minister for Transport) from being a
voting shareholder of Rail Corporation New South Wales, Transport Infrastructure
Development Corporation, Rail Infrastructure Corporation or Sydney Ferries.

Outline of provisions

Clause 1 sets out the name (also called the short title) of the proposed Act.

Clause 2 provides for the commencement of the proposed Act on the date of assent
to the proposed Act.

Clause 3 omits sections 17A (1), 18L (1), 19P and 35M (1) of the Transport
Administration Act 1988 to give effect to the object set out above.

Clause 4 provides for the repeal of the proposed Act after all the amendments made
by the proposed Act have commenced.

Note: If this Bill is not modified, these Explanatory Notes would reflect the Bill as passed in the House. If the Bill has been amended by Committee, these Explanatory Notes may not necessarily reflect the Bill as passed.

 

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