‘Ineffective’ rail corporation was designed to meet NSW budget goals, auditor general says

The government has created a model with ‘significant uncertainty’ around its future financial position, report says

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New South Wales’s controversial rail corporation’s formation was ineffective, incohesive and opaque and the corporation was designed to meet the government’s immediate budgetary goals, the auditor general has found.

Margaret Crawford’s report into the Transport Asset Holding Entity, or Tahe, also found the design had created an “unnecessarily complex” model with “significant uncertainty” around the possibility for future financial improvements.

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