Transport Asset Holding Entity of New South Wales (TAHE) is a

state-owned corporation A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government ...

of the

New South Wales Government The Government of New South Wales, also known as the NSW Government, is the Australian state democratic administrative authority of New South Wales. It is currently held by a coalition of the Liberal Party and the National Party. The Governme ...

New South Wales ) , nickname = , image_map = New South Wales in Australia.svg , map_caption = Location of New South Wales in AustraliaCoordinates: , subdivision_type = Country , subdivision_name = Australia , established_title = Before federation , es ...

Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...

, established under the ''Transport Administration Act 1988''. It was converted and renamed from

RailCorp Rail Corporation New South Wales (RailCorp) was an agency of the State of New South Wales, Australia established under the ''Transport Administration Act 1988'' in 2004. It was a division under the control of Transport for NSW since the latter' ...

on 1 July 2020.Transport for NSW Annual Report 2016-17 page 142,237
Transport for NSW, Retrieved 18 January 2018 As a state-owned corporation, it is not an agency or division of

Transport for NSW Transport for NSW, sometimes abbreviated to TfNSW, and pronounced as Transport for New South Wales, is an agency of the New South Wales Government established on 1 November 2011, and is the leading transport and roads agency in New South Wales, ...

.Transport Administration Amendment (Transport Entities) Act 2017 No 12
Australasian Legal Information Institute, Retrieved 16 January 2018 Like its predecessor RailCorp, the TAHE holds rail property assets, rolling stock and rail infrastructure in the Sydney metropolitan area and limited country locations in the state and it makes these assets available to

Sydney Trains Sydney Trains is the operator of the suburban passenger rail network serving the city of Sydney, New South Wales, Australia. The network is a hybrid urban- suburban rail system with a central underground core that covers over of track and 170 ...

and

NSW TrainLink NSW TrainLink is a train and coach operator in Australia, providing services throughout New South Wales and the Australian Capital Territory, along with limited interstate services into Victoria, Queensland and South Australia. Its primary interc ...

for their operations. Its asset base consists of "rail embankments, cuttings and tunnels, track, signals, power systems, rolling stock, stations and significant land holdings around stations" across the state. A sister entity, the Residual Transport Corporation (RTC), which was formed in July 2017, owns assets not suitable for TAHE ownership. The TAHE will eventually own the state's public transport assets, including ferries.

Board of Directors

As a statutory state-owned corporation in New South Wales, the TAHE has a board of directors that is made up of the secretary of Transport for NSW and 3 to 7 directors appointed by the voting shareholders. The directors may also include the chief executive of TAHE, currently Benedicte Colin .

Controversies

TAHE has been the subject of an investigation by the NSW Legislative Council public accountability committee. The Financial Review report stated: "Faced with the new accounting standards, PwC instead recommended either the whole TfNSW portfolio be fully corporatised or the TAHE proposal be dropped." noting that currently only 30% of costs were recovered.

References

External links

Transport Asset Holding Entity of New South Wales ABN 59 325 778 353
- ASIC Register {{Sydney public transport Government agencies of New South Wales Railway companies of New South Wales Railway infrastructure companies of Australia Railway companies established in 2020 Australian companies established in 2020

Board of Directors

Controversies

See also

References

External links