Transport Administration Act 1988

The Minister may, by order in writing, direct that the assets, rights or liabilities of a specified transport authority, or any subsidiary of a transport authority, that are specified or referred to in the order, be transferred to another transport authority, a subsidiary of a transport authority, a State owned corporation, the Crown or any other person or body acting on behalf of the Crown or a local council.

The Minister may, by further order under this section, further direct the transfer any assets, rights or liabilities previously transferred under this section.

An order under this section may be subject to specified terms and conditions.

Schedule 4 applies to the transfer of assets, rights and liabilities under this section.

Words and expressions used in this section have the same meanings as they have in Schedule 4.

In this section, transport authority means a rail authority and includes the State Transit Authority, Sydney Ferries, the Transport Secretary, NSW Motorways and any other person or body prescribed by the regulations.

(Repealed)

For the avoidance of doubt, an order under this section may transfer an asset, right or liability to more than one transferee.

The power to transfer an asset by means of an order under this section includes the power to transfer an interest in the asset. The transfer of an interest in an asset operates to create the interest in such terms as are specified in the order if the interest does not already exist as a separate interest.

The Minister may make an order under this section that transfers assets, rights or liabilities to or from TAM only with the consent of TAM.