Rail Company Act 2009

As soon as practicable after the commencement of this section, the Board is to prepare a framework that specifies the principles and practices that are to be applied in respect of the provision of sponsorship by the Company and its subsidiaries.

A framework prepared under subsection (1) – must be prepared in accordance with, and must reflect, any Treasurer’s Instructions issued in respect of sponsorship; and must include – the prescribed provisions; and provisions that relate to prescribed matters; and is to reflect contemporary standards, and best-practice principles, that apply in relation to sponsorship; and may include such other matters as the Board considers relevant.

The Board is to ensure that, as far as is reasonably practicable, there is always a framework in force under this section in respect of the Company and its subsidiaries.

As soon as practicable after a framework under this section comes into force, the Board is to ensure that – a copy of the framework is published on a website maintained by, or on behalf of, the Company; and as far as is reasonably practicable, the framework remains so published while it is in force.