New South Wales Consolidated Acts

TRANSPORT ADMINISTRATION ACT 1988 - SECT 19D

19D Objectives of RIC

(1) The principal objective of Rail Infrastructure Corporation is to ensure that the part of the NSW rail network vested in or owned by Rail Infrastructure Corporation enables safe and reliable passenger and freight services to be provided in an efficient, effective and financially responsible manner.

(2) The other objectives of Rail Infrastructure Corporation are:

(a) to promote and facilitate access to the part of the NSW rail network vested in or owned by Rail Infrastructure Corporation in accordance with the current NSW rail access undertaking, and

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

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

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

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

(d) 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 , and

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

(f) to maintain reasonable priority and certainty of access for railway passenger services.

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

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

(5) Subsection (2) (a) does not apply to any part of the NSW rail network subject to an ARTC lease or licence.