New South Wales Consolidated Acts

TRANSPORT ADMINISTRATION ACT 1988 - SECT 18B

18B Objectives of Transport Infrastructure Development Corporation

(1) The principal objectives of Transport Infrastructure Development Corporation are:

(a) to develop major railway systems, and

(b) to develop other major transport projects,

in an efficient, effective and financially responsible manner.

(2) The other objectives of Transport Infrastructure Development Corporation are as follows:

(a) to be a successful business and, to that end:

(i) to operate at least as efficiently as any comparable business, and

(ii) to maximise the net worth of the State’s investment in the Corporation,

(b) to exhibit a sense of social responsibility by having regard to the interests of the community in which it operates,

(c) where its activities affect the environment, to conduct its operations in compliance with the principles of ecologically sustainable development contained in section 6 (2) of the Protection of the Environment Administration Act 1991 ,

(d) to exhibit a sense of responsibility towards regional development and decentralisation in the way in which it operates.

(3) The other objectives of Transport Infrastructure Development Corporation are of equal importance, but are not as important as the principal objectives of the corporation.

(4) Section 20E of the State Owned Corporations Act 1989 does not apply to Transport Infrastructure Development Corporation.