Rail Company Act 2009

The purposes of this Act are to –

provide for the establishment and registration under the Corporations Act of a State-owned company to acquire, own and operate a rail business in Tasmania; and provide for that company to act as the nominee of the Crown under the Business Sale Agreement; and provide for the transfer to that company from the Crown, or to the Crown from that company, of rail infrastructure and related assets, liabilities and contracts; and provide for the transfer to that company from the Crown of State Service employees and State Service officers; and provide for the sale of that company, or part of that company, by the sale of the shares in the company or the assets of the company.