88H

Functions of ARTC relating to rail infrastructure facilities

Current

(1)

ARTC may hold, manage, maintain and establish rail infrastructure facilities subject to an ARTC arrangement.

(2)

Any such arrangement may vest in ARTC rail infrastructure facilities installed or established by ARTC for the term of the arrangement or without limitation.

(3)

An ARTC lease or licence may provide that rail infrastructure facilities subject to the lease or licence and vested in or owned by a rail authority may be sold or disposed of by ARTC in accordance with the lease or licence.

(4)

This section is subject to the terms of any applicable ARTC arrangement and section 88M.

Note.

Section 88M prohibits ARTC from selling or otherwise dealing with rail infrastructure facilities in a way that affects, or is likely to affect, the linear continuity of railway lines affected by, or subject to, an ARTC arrangement.

This Act’s bill:Explanatory memorandum

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