Like its predecessor RailCorp, the TAHE holds rail property assets, rolling stock and rail infrastructure in the Sydney metropolitan area and limited country locations in the state and it makes these assets available to Sydney Trains and NSW TrainLink for their operations. Its asset base consists of "rail embankments, cuttings and tunnels, track, signals, power systems, rolling stock, stations and significant land holdings around stations" across the state.[4] A sister entity, the Residual Transport Corporation (RTC), which was formed in July 2017, owns assets not suitable for TAHE ownership.[5]
The TAHE will eventually own the state's public transport assets, including ferries.[6][7]
As a statutory state-owned corporation in New South Wales, the TAHE has a board of directors that is made up of the secretary of Transport for NSW and 3 to 7 directors appointed by the voting shareholders.[3][8] The directors may also include the chief executive of TAHE, currently Benedicte Colin as of February 2022[update].[9]
Controversies
TAHE has been the subject of an investigation by the NSW Legislative Council public accountability committee.[10] The Financial Review report stated: "Faced with the new accounting standards, PwC instead recommended either the whole TfNSW portfolio be fully corporatised or the TAHE proposal be dropped." noting that currently only 30% of costs were recovered.[10]
^Transport for NSW Annual Report 2016-17 page 142,237, Transport for NSW, Retrieved 18 January 2018
^"Half Yearly Report" (PDF). Transport Asset Holding Entity of New South Wales. Retrieved 11 February 2022.
^ abTransport Administration Amendment (Transport Entities) Act 2017 No 12, Australasian Legal Information Institute, Retrieved 16 January 2018
^"Business" (PDF). Transport Asset Holding Entity of New South Wales. Retrieved 11 February 2022.
^"Transport for NSW Annual Report 2017-18" (PDF). Transport for NSW. p. 49. Retrieved 2 December 2018.
^"Scramble to complete new entity forecast to boost state budget by $7b". Sydney Morning Herald. 9 January 2019. Retrieved 1 July 2020.
^"Sydney Trains on track for major reshuffle". Sydney Morning Herald. 29 June 2020. Retrieved 1 July 2020.
^"State Owned Corporations Act 1989 No 134". NSW Legislation. Retrieved 7 July 2020.
^"Transport Asset Holding Entity". Transport Asset Holding Entity. Retrieved 11 February 2022.
^ ab"NSW Treasury to delay federal approval for new transport agency". Australian Financial Review. 16 November 2021. Retrieved 20 April 2022.
External links
Transport Asset Holding Entity of New South Wales
ABN 59 325 778 353 - ASIC Register
January 28, 2023
transport, asset, holding, entity, south, wales, tahe, state, owned, corporation, south, wales, government, south, wales, australia, established, under, transport, administration, 1988, converted, renamed, from, railcorp, july, 2020, state, owned, corporation,. Transport Asset Holding Entity of New South Wales TAHE is a state owned corporation of the New South Wales Government in New South Wales Australia established under the Transport Administration Act 1988 It was converted and renamed from RailCorp on 1 July 2020 1 2 As a state owned corporation it is not an agency or division of Transport for NSW 3 Transport Asset Holding Entity of New South WalesAgency overviewFormed1 July 2020PrecedingRailCorpTypeState owned corporationJurisdictionNew South WalesHeadquartersSydneyMinisters responsibleDavid Elliott Minister for TransportSam Farraway Minister for Regional Transport and RoadsAgency executiveBenedicte Colin Chief ExecutiveKey documentsTransport Administration Act 1988 NSW State Owned Corporations Act 1989 NSW WebsiteTransport Asset Holding Entity of New South WalesLike its predecessor RailCorp the TAHE holds rail property assets rolling stock and rail infrastructure in the Sydney metropolitan area and limited country locations in the state and it makes these assets available to Sydney Trains and NSW TrainLink for their operations Its asset base consists of rail embankments cuttings and tunnels track signals power systems rolling stock stations and significant land holdings around stations across the state 4 A sister entity the Residual Transport Corporation RTC which was formed in July 2017 owns assets not suitable for TAHE ownership 5 The TAHE will eventually own the state s public transport assets including ferries 6 7 Contents 1 Board of Directors 2 Controversies 3 See also 4 References 5 External linksBoard of Directors EditAs a statutory state owned corporation in New South Wales the TAHE has a board of directors that is made up of the secretary of Transport for NSW and 3 to 7 directors appointed by the voting shareholders 3 8 The directors may also include the chief executive of TAHE currently Benedicte Colin as of February 2022 update 9 Controversies EditTAHE has been the subject of an investigation by the NSW Legislative Council public accountability committee 10 The Financial Review report stated Faced with the new accounting standards PwC instead recommended either the whole TfNSW portfolio be fully corporatised or the TAHE proposal be dropped noting that currently only 30 of costs were recovered 10 See also Edit New South Wales portal List of New South Wales government agenciesReferences Edit Transport for NSW Annual Report 2016 17 page 142 237 Transport for NSW Retrieved 18 January 2018 Half Yearly Report PDF Transport Asset Holding Entity of New South Wales Retrieved 11 February 2022 a b Transport Administration Amendment Transport Entities Act 2017 No 12 Australasian Legal Information Institute Retrieved 16 January 2018 Business PDF Transport Asset Holding Entity of New South Wales Retrieved 11 February 2022 Transport for NSW Annual Report 2017 18 PDF Transport for NSW p 49 Retrieved 2 December 2018 Scramble to complete new entity forecast to boost state budget by 7b Sydney Morning Herald 9 January 2019 Retrieved 1 July 2020 Sydney Trains on track for major reshuffle Sydney Morning Herald 29 June 2020 Retrieved 1 July 2020 State Owned Corporations Act 1989 No 134 NSW Legislation Retrieved 7 July 2020 Transport Asset Holding Entity Transport Asset Holding Entity Retrieved 11 February 2022 a b NSW Treasury to delay federal approval for new transport agency Australian Financial Review 16 November 2021 Retrieved 20 April 2022 External links EditTransport Asset Holding Entity of New South Wales ABN 59 325 778 353 ASIC Register Retrieved from https en wikipedia org w index php title Transport Asset Holding Entity amp oldid 1084146534, wikipedia, wiki, book, books, library,
