Read more" />

NSW rail corporation to be dismantled under state Labor

Shadow treasurer Daniel Mookhey stated the general public had had sufficient spin and accounting cons. “TAHE has to go. The general public desires an finish to the accounting trickery, lavish guide spending and now the flogging off of public belongings,” he stated.

Mookhey stated dismantling TAHE can be sophisticated however “rail security has to return first”.

NSW shadow treasurer Daniel Mookhey.

NSW shadow treasurer Daniel Mookhey.Credit score:Michael Quelch

A spokeswoman for Treasurer Matt Kean stated the opposition failed to know that TAHE was an asset holding firm that taxpayers personal.

“The aim of TAHE is to make sure transport belongings are totally utilised and ship most advantages for the individuals of NSW,” she stated.

In April, a parliamentary committee recommended the federal government unwind the rail company as a result of ongoing hits to the state funds and its incapability to credibly make a industrial return.


On the time, Kean described the committee’s report as a “political doc” concocted by Labor, the Greens and the Shooters, and stated its claims about security dangers had been deceptive and incorrect.

Inside paperwork have proven that TAHE plans to spend $34.5 million on consultants over 4 years. The federal government has beforehand come underneath hearth for spending tens of millions of {dollars} on consultants to advise on the state-owned corporation.

Late final 12 months, the NSW Auditor-Normal delayed signing off on the state authorities’s monetary accounts by months as a result of main issues about TAHE and, in February, the watchdog accused Treasury of obstructing its investigation into the rail company.

Leave a Comment