New South Wales Consolidated Acts

TRANSPORT ADMINISTRATION ACT 1988 - SECT 5

5 Objectives of RailCorp

(1) The principal objectives of RailCorp are:

(a) to deliver safe and reliable railway passenger services in New South Wales in an efficient, effective and financially responsible manner, and

(b) to ensure that the part of the NSW rail network vested in or owned by RailCorp enables safe and reliable railway passenger and freight services to be provided in an efficient, effective and financially responsible manner.

(2) The other objectives of RailCorp are as follows:

(a) to maintain reasonable priority and certainty of access for railway passenger services,

(b) to promote and facilitate access to the part of the NSW rail network vested in or owned by RailCorp,

(c) 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,

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

(e) 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 ,

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

(3) The other objectives of RailCorp are of equal importance, but are not as important as the principal objectives of the corporation.

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