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Governance and internal control arrangements

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4 Governance and internal control arrangements

(1)

Systems and procedures to ensure that the chief executive and governing body of the rail transport operator, or the people managing the railway operations, have sufficient knowledge—

(a)

of the risk profile of the railway operations carried out by the rail transport operator to enable the operator to probatively manage the risks arising from those operations; and

(b)

of the level of compliance by the organisation with its duties and obligations under the Law and these regulations; and

(c)

to determine whether—

(i)

the safety management system is working effectively; and

(ii)

risks to safety are being identified, assessed and managed so far as is reasonably practicable; and

(iii)

controls used to monitor safety and to manage risks to safety are being regularly reviewed and revised.

(2)

Systems and procedures to ensure that decisions and directions made by the chief executive and governing body of the rail transport operator, or of the people managing the railway operations, that affect safety are being implemented effectively.

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