(2) On and from the commencement of
this section--
(a) the corporate name of Rail Corporation New South Wales is
changed to Transport Asset Holding Entity of New South Wales, and
(b) that
body, for all purposes (including the rules of private international law),
continues in existence under its new name so that its identity is not
affected.
Note : The SOC Act provides that Transport Asset Holding Entity is
a statutory State owned corporation and also contains a number of provisions
that apply to TAHE as a statutory State owned corporation. In particular--
(a)
Part 3 contains provisions relating to the status of TAHE, the application of
the Corporations Act 2001 of the Commonwealth, the issue of shares to the
Treasurer and another Minister, the board of directors, the chief executive
officer, the employment of staff, the giving of directions by the portfolio
Minister (including directions for the performance of non-commercial
activities or the carrying out of public sector policies), the constitution of
TAHE, dividends and tax-equivalent payments, government guarantees, the sale
or disposal of assets and the legal capacity and general powers of TAHE, and
(b) Part 4 deals with the accountability of TAHE (including statements of
corporate intent, annual reports and accounts), and
(c) Part 5 deals with
miscellaneous matters (including the duties and liabilities of directors and
the application of public sector legislation).