National Rail Corporation (Agreement) Act 1991 (NSW)

National Rail Corporation (Agreement) Act 1991 No 82

An Act to approve and give effect to an Agreement between the State of New South Wales, the Commonwealth and certain other States relating to the National Rail Corporation Limited; to refer certain powers arising out of the Agreement to the Parliament of the Commonwealth; to amend the Transport Administration Act 1988 as a consequence of the Agreement; and for other purposes.

1 Name of Act This Act may be cited as the National Rail Corporation (Agreement) Act 1991.

2 Commencement This Act commences on a day or days to be appointed by proclamation.

3 Definitions (1) In this Act: the Agreement means the Agreement, a copy of which is set out in Schedule 1, as varied by any further Agreement made in accordance with clause 8 of that Agreement. the Company means the National Rail Corporation Limited. (2) If the Agreement is varied by a further Agreement, the Governor may, by proclamation published on the NSW legislation website, amend this Act by inserting at the end of this Act a Schedule containing a copy of the further Agreement.

4 Approval of Agreement (1) The Agreement is approved. (2) The execution of the Agreement by the Honourable Nicholas Frank Greiner for and on behalf of the State of New South Wales is ratified.

5 Agreement to be given effect to by parties to the Agreement The parties to the Agreement, and each authority of those parties: (a) are authorised to do anything which they are authorised to do under the Agreement, and (b) are required to observe the provisions of the Agreement that are applicable to them.

6 Referral of power to the Parliament of the Commonwealth (1) The matter of the Commonwealth of Australia holding shares in the Company in accordance with the Agreement, to the extent to which it is not otherwise included in the legislative powers of the Parliament of the Commonwealth, is referred to the Parliament of the Commonwealth for a period commencing on the day on which this section commences and ending on the day fixed under subsection (2) as the day on which the reference under this section terminates, but not longer. (2) The Governor may, at any time, fix by proclamation published on the NSW legislation website a day as the day on which the reference under this section terminates. (3) In this section, a reference to holding shares includes a reference to acquiring, disposing of or dealing with those shares.