New South Wales Consolidated Acts New South Wales Consolidated ActsIn
this Schedule:
"assets" means any legal or equitable estate or interest (whether present or
future and whether vested or contingent and whether personal or assignable) in
real or personal property of any description (including money), and includes
securities, choses in action and documents.
"liabilities" means any liabilities, debts or obligations (whether present or
future and whether vested or contingent and whether personal or assignable).
"rights" means any rights, powers, privileges or immunities (whether present
or future and whether vested or contingent and whether personal or
assignable).
(1) The corporation constituted under section 35R immediately before the commencement of this Schedule is continued by this clause with the corporate name of the Public Transport Ticketing Corporation.
(2) The corporation continued by this clause is for all purposes (including the rules of private international law) the same legal entity as the Public Transport Ticketing Corporation constituted under section 35R immediately before the commencement of this Schedule.
(3) The Public Transport Ticketing Corporation:(a) has the functions conferred or imposed on it by or under this or any other Act, and(b) is a NSW Government agency.
(1) The objectives of the Public Transport Ticketing Corporation are as follows:(a) to manage its assets, rights and liabilities effectively and responsibly,(b) to minimise the risk exposure of the State arising from its activities,(c) to achieve the efficient and timely winding up of residual business activities.
(2) The Public Transport Ticketing Corporation has the following functions:(a) such functions as may be necessary or convenient to enable it to exercise its rights and discharge its obligations under or in connection with its assets, rights and liabilities (including the sale, lease or disposal of any of its property),(b) any other functions conferred or imposed on it by or under this or any other Act.
(3) The Public Transport Ticketing Corporation may do any thing that is supplemental or incidental to the exercise of its functions.
(1) The affairs of the Public Transport Ticketing Corporation are to be managed and controlled by the Director-General.
(2) Any act, matter or thing done in the name of, or on behalf of, the Public Transport Ticketing Corporation by the Director-General is taken to have been done by the Public Transport Ticketing Corporation.
(3) The seal of the Public Transport Ticketing Corporation is to be kept by the Director-General and affixed to a document only:(a) in the presence of the Director-General or a member of staff of the Department of Transport or of the Transport Service authorised by the Director-General, and(b) with an attestation by the signature of the Director-General or that member of staff of the fact of the affixing of the seal.
(4) Until its dissolution, the Public Transport Ticketing Corporation is taken to be a public transport agency for the purposes of clause 1 of Schedule 1 (General functions of TfNSW).
(1) The Public Transport Ticketing Corporation may delegate to an authorised person any of the functions of the Corporation, other than this power of delegation.
(2) A delegate may subdelegate to an authorised person any function delegated by the Public Transport Ticketing Corporation if the delegate is authorised in writing to do so by the Corporation.
(3) In this clause, "authorised person" means:(a) a member of staff of the Department of Transport or of the Transport Service, or(b) a person of a class prescribed by the regulations or approved by the Director-General.
(1) There is to continue in the Special Deposits Account a Public Transport Ticketing Corporation Fund.
(2) The following is to be paid into the Public Transport Ticketing Corporation Fund:(a) all money received by or on account of the Public Transport Ticketing Corporation,(b) all money advanced to the Public Transport Ticketing Corporation by the Treasurer or appropriated by Parliament for the purposes of the Corporation,(c) all other money required by or under this or any other Act to be paid into the Fund.
(3) The following is to be paid from the Public Transport Ticketing Corporation Fund:(a) all payments made on account of the Public Transport Ticketing Corporation or otherwise required to meet expenditure incurred in relation to the functions of the Corporation,(b) such amounts as the Treasurer considers to be surplus to the requirements of the Fund pending the dissolution of the Public Transport Ticketing Corporation,(c) all other payments required by or under this or any other Act to be paid from the Fund.
A report under the Annual Reports (Departments) Act 1985 in respect of the Department of Transport may include any annual report required to be made in respect of the Public Transport Ticketing Corporation under the Annual Reports (Statutory Bodies) Act 1984 .
Section 94 and Schedule 4 apply to and in respect of the Public Transport Ticketing Corporation as if the Corporation were a rail authority under section 94.
(1) The Governor may, by proclamation published on the NSW legislation website, appoint a day on which the Public Transport Ticketing Corporation is to be dissolved.
(2) On that day, the Public Transport Ticketing Corporation is dissolved and any assets, rights and liabilities of the Corporation become assets, rights and liabilities of the Crown.
(3) Schedule 4 applies to the transfer of the assets, rights and liabilities of the Public Transport Ticketing Corporation by the operation of this clause and so applies as if this clause were an order to which that Schedule applies when this clause takes effect.
(4) Regulations of a savings and transitional nature may be made consequent on the dissolution of the Public Transport Ticketing Corporation.