DOCSLIB.ORG

View Annual Report

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
View Annual Report Aurizon is Australia’s largest rail freight operator with almost 150 years of experience. Each day the Company moves on average more than 700,000 tonnes of coal, iron ore and other minerals as well as agricultural and general freight across the nation. Aurizon operates a coal network made up of approximately 2,670 kilometres of heavy haul rail infrastructure in Central Queensland. The Company also provides a range of specialist services in rail design, engineering, construction, management and maintenance, and offers large-scale supply chain solutions to a diverse range of customers Australia-wide. Aurizon has played a critical role in the economic development and growth of the minerals-rich state of Queensland, providing the transport backbone for one of the world’s largest coal supply chains. Over recent years Aurizon has extended its business focus beyond its Queensland heritage and applied its expertise and capabilities to coal and iron ore opportunities in New South Wales and Western Australia, as well as intermodal freight across the nation. Aurizon’s business comprises four major product lines – Coal, Iron Ore, Intermodal & Bulk and Network. The Company’s performance and future growth is linked to the key demand drivers of the Australian resources sector and ongoing strength of the Australian economy. Aurizon is well placed to benefit from the continued long-term growth in demand for coal and iron ore, particularly from fast growing Asian economies such as China and India. Our Vision Grow our People. Grow with our Customers. Grow the Nation. Contents Our Mission To be a world leading transport business, to partner with customers Highlights ................................................................3 for growth and to double the value of the Company every five years, Chairman’s Report ...............................................4 while becoming the safest transport company in the world. Managing Director & CEO’s Report ..............6 Our Employee Promise Year in Review .......................................................8 To build a diverse, collaborative and creative workplace where people know what they are accountable to do and can count on Sustainability ......................................................16 having what they need to succeed. Directors’ Report ................................................22 Our Values Remuneration Report ......................................28 Safety – Safety of ourselves and others is our number one priority. Corporate Governance Statement ..............49 Integrity – We are honest and fair and conduct business with the Financial Report.................................................57 highest ethical standards. Shareholder Information ............................ 101 Leadership, Passion & Courage – We are passionate about leading change. We deliver results with energy and conviction. Glossary .............................................................. 103 World Class Performance – We deliver world class performance Corporate Information ................................. 105 and superior value for our shareholders, customers and staff. On track for Operating Ratio in respect of FY15. 754 1,251 3,766 3,536 3,203 1,048 584 194 186 182 +7% 840 +19% 383 +29% +4% 33% 88% 83% 30% 80% 26% FY11 FY12 FY13 FY11 FY12 FY13 FY11 FY12 FY13 FY11 FY12 FY13 Coal volumes (mt) Revenue ($m) EBITDA1 ($m) EBIT1 ($m) EBITDA Margin Operating Ratio 1 Underlying, which adjusts for significant items. FINANCIAL RESULTS SUMMARY FY13 FY12 VARIANCE Total revenue(1) 3,766 3,536 7% EBITDA - Statutory 1,182 1,057 12% - Underlying(2) 1,251 1,048 19% EBIT - Statutory 685 593 16% - Underlying(2) 754 584 29% Net finance costs (103) (39) (164%) Tax expense - Statutory (135) (113) (19%) - Underlying(2) (164) (125) (31%) NPAT - Statutory 447 441 1% - Underlying(2) 487 420 16% EPS(3) - Statutory 19.8 18.1 9% - Underlying(2) 21.6 17.2 26% (1) FY12 revenue has been adjusted to reflect reclassification of diesel fuel rebate (2) Underlying adjusts for significant items (3) EPS calculated on weighted average number of shares on issue 2,257,248,177 in FY2013 and 2,440,000,000 in FY2012 OPERATING HIGHLIGHTS FY13 FY12 VARIANCE Revenue / NTK ($/000 NTK) 55.8 56.0 0% Labour Costs / Revenue 29% 32% 3ppt NTK / employee (MNTK) 8.4 7.0 20% Opex / NTK ($/000 NTK) 44.5 46.7 5% Operating Ratio(4) 79.8% 83.4% 3.6ppt ROIC 8.0% 6.7% 1.3ppt NTK (bn) 67.0 62.9 7% Tonnes (m) 267.7 252.2 6% People(5) 7,969 8,969 11% Final dividend (cps) 8.2 4.6 78% Gearing 26.7% 13.1% (13.6ppt) (4) FY2012 Operating Ratio restated to reflect reclassification of diesel fuel rebate (5) The 11% variance in FY2013 vs. FY2012 for people, reflects the favourable impact of the voluntary redundancy program on headcount SEGMENT SUMMARY – UNDERLYING EBIT FY13 FY12 VARIANCE Network 424 334 27% Coal 320 257 25% Iron Ore 97 32 203% Freight 23 68 (66%) Unallocated (110) (107) (3%) Group 754 584 29% Image: Mario Marinelli and Heather Swinson at the Mt Arthur coal loading station, Hunter Valley NSW PERFORMANCE HIGHLIGHTS | AURIZON 3 Highlights 19.26 3.08 10.74 2.40 0.95 4.90 -60% -54% FY11 FY12 FY13 FY11 FY12 FY13 Lost Time Injury Frequency Rate Medically Treated Injury Frequency Rate (per million man-hours worked) (per million man-hours worked) reduction in the reduction in the Medically Treated Lost Time Injury Rate. Injury Frequency Rate. 8.00 88.00 83.40 79.80 6.70 -3.6ppt 4.40 +1.3ppt FY11 FY12 FY13 FY11 FY12 FY13 Operating Ratio Return on Invested Capital (ROIC) reduction in the increase in return group Operating Ratio. on invested capital. 4 ANNUAL REPORT 2012–13 Chairman’s Report The completion of Aurizon’s second full financial year as a publicly listed company is another important milestone in our history of almost 150 years. Over the last year we have continued to focus on shareholder wealth, cost reductions and improving efficiency for long-term growth. In December 2012, QR National adopted the new name Aurizon. Aurizon is a combination of Australia and horizon. The new name conveys the geographical scope of the Company’s operations as well as the long-term growth opportunities on the horizon and beyond. At Aurizon we strive to be a world class company that global investors want to invest in; a company that values its people and keeps them safe; and, that delivers outstanding service to customers with rail and road transportation services in the coal, iron ore and bulk freight markets. The Board regularly reviews the Company strategy. Significant work has been undertaken to better define and articulate Aurizon’s three strategic pillars to success: 1. Developing a world class core business 2. Operating, developing and integrating bulk supply chains 3. Maximising the value of freight and logistics. The first pillar of this strategy is all about achieving the core capabilities and level of performance to put us among the world’s best. These are fundamental drivers of company performance, including having a competitive cost base; a safety and performance-driven culture; deep engagement with our customers; and strength in technology. The second pillar means we will leverage our core business and competitive strengths to take advantage of medium to long-term growth opportunities. Good examples can be seen in the business development work we’re doing in the Image: Linkin Quakawoot and Kaio Kris manual welding on the Northern Missing Link Project Bowen and Galilee Basins, the Hunter Valley and iron ore in the Pilbara, Western Australia. Total Shareholder Return. CHAIRMAN’S REPORT | AURIZON 5 The third and final pillar is how Aurizon maximises These achievements and the positive cultural Resources are fundamentally a cyclical, long-run the value from freight and logistics. We believe change we are progressing make Aurizon a better sector. While we’ve put intense focus on costs there’s a range of options for the Company to be place to work and a better company to partner with. during the down cycle, the Company will not lose more involved in the Australian general freight and Our commitments and progress in the areas of sight of long-term growth opportunities and value logistics market, including linehaul and terminal safety, environment, community and people are creation for shareholders. Aurizon will continue to work, partnering with major logistics players and discussed in detail on pages 16-21 of this report. invest prudently Australia-wide through the cycle encouraging a broader modal shift from road to rail. as we did in 2012-13 and strategically position ourselves for the decades ahead. Our focus on our strategy is unwavering. An intense Capital management round of work is underway across the Company, The year has seen a number of very significant In doing so, we will continue to collaborate with with scores of separate initiatives, to execute the capital management initiatives that have both our customers on supply chain solutions across strategy. This is a work in progress through to 2015 diversified the shareholder base and provided the our business; notably for coal infrastructure assets and beyond. platform for an effective long-term capital structure in Queensland and New South Wales, and new for Aurizon. assets for the growing iron ore business in Western Solid results in challenging conditions In August 2012, we announced an on-market share Australia. This will support organic growth from The past year has seen an increasingly difficult buy-back program in which 14.5 million shares were well-established businesses. bought back at a cost of around $54 million. domestic economic environment as well as During the year, the Company also achieved In October, Aurizon advised its proposed continuing volatility in global markets. Companies significant milestones for potential future participation in a selective buy-back of $1.1 billion continue to rein in costs, curb growth expectations expansions in the Bowen and Galilee Basins in of Queensland Treasury Holdings’ (QTH) and seek more efficiency from existing assets and Queensland, as well iron ore infrastructure and shareholding (subsequently approved by supply chains.
Load more

Recommended publications
  • 2015 Annual Report
    Aurizon Holdings Limited ABN 14 146 335 622 ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000 BY ELECTRONIC LODGEMENT 17 August 2015 Aurizon – 2015 Annual Report Please find attached a copy of the Company’s 2015 Annual Report. In accordance with the relief from dual lodgment of financial statements under ASIC Class Order 98/104, the Annual Report will not be lodged separately with ASIC. Copies of the Annual Report are expected to be dispatched to all shareholders who have elected to receive a copy of the Annual Report, in mid-September 2015. Aurizon’s Annual General Meeting will be held at 10.00am (Brisbane time) on Thursday 12 November 2015. A copy of the Notice of Annual General Meeting is expected to be sent to all shareholders in mid-September 2015. Kind regards Dominic D Smith VP & Company Secretary T +61 7 3019 9000 | F +61 7 3019 0720 | [email protected] Level 17, 175 Eagle St Brisbane QLD 4000 Australia | GPO Box 456 Brisbane QLD 4001 Australia ANNUAL REPORT 2014-15 Contents Our Vision To be a world leading rail-based transport business that partners FY2015 in Review ................................................... 1 with customers for growth . Chairman’s Report ................................................ 2 Our Mission Directors’ Report ...................................................4 We are an Australian rail-based transport business with a global orientation that creates value sustainably for our customers, – Operating and Financial Review ............... 10 shareholders, employees and the communities in which we operate. – Remuneration Report ....................................25 Our Values Auditor’s Independence Declaration ........ 39 Safety: Safety of ourselves and others is our number one priority.
    [Show full text]
  • Australian Streamliners Locomotive Fleetlist.Indd
    Australian Streamliners Locomotive fleetlist Mount Newman Mining F7A – EMD model F7A built La Grange, Illinois, USA 1,500hp Bo-Bo single-ended diesel-electric LOCO # BUILDER'S # BUILT CURRENT OWNER LIVERY STATUS NOTES 5450 8970 1950 Pilbara Railway Historical Society, Six MNM orange & red Preserved on display Ex-Western Pacific Mile, WA (1,435mm) (USA) 917A. Purchased by Mount Newman Mining in 1968. 5451 10805 1950 Don Rhodes Mining and Transport MNM orange & red Preserved on display Ex-Western Pacific Museum, WA (1,435mm) (USA) 923A. Purchased by Mount Newman Mining in 1968. South Australian Railways 900 Class – English Electric built SAR Inslington, South Australia 1,500hp A1A-A1A single-ended diesel-electric LOCO # BUILDER'S # BUILT CURRENT OWNER LIVERY STATUS NOTES 900 1848 1951 National Railway Museum, Port SAR red & silver Preserved on display Named Lady Adelaide, South Australia (1,600mm) Norrie. 907 1855 1953 Australian Locomotive and Railway SAR silver & red Preserved stored - Carriage Company, Tailem Bend, South (1,600mm) Australia 909 1857 1953 Australian Locomotive and Railway undercoat Undergoing - Carriage Company, Tailem Bend, South restoration Australia (1,435mm) Commonwealth Railways GM1 Class – Clyde/EMD model ML-1 built Granville, NSW, Australia 1,500hp A1A-A1A single-ended diesel-electric LOCO # BUILDER'S # BUILT CURRENT OWNER LIVERY STATUS NOTES GM1 ML1-1 1951 Rail Heritage Western Australia CR maroon & silver Stored at Parkes, Named Robert NSW (1,435mm) Gordon Menzies. GM2 ML1-2 1951 National Railway Museum, Port CR maroon & silver Preserved on display - Adelaide, South Australia (1,435mm) GM3 ML1-3 1951 Southern Shorthaul Railroad CR maroon & silver Stored at Lithgow, Named Ray E NSW (1,435mm) Purves.
    [Show full text]
  • Section 10 Locomotive and Rolling Stock Data
    General Instruction Pages Train Operating Conditions Manual SECTION 10 LOCOMOTIVE AND ROLLING STOCK DATA Version: 3.0 Issued: January 2016 CRN TOC Section 10 V3.0 Locomotive & Rolling Stock Data.docx © JHR UNCONTROLLED WHEN PRINTED SECTION 10 Version: 3.0 General Instruction Pages Locomotive and Rolling Stock Data Train Operating Conditions Manual Document control Revision Date of Issue Summary of change 1.0 18/10/11 For publication 1.1 25/11/11 Updated 25/11/11 1.2 10/1/12 Updated for current rolling stock 1.3 13/5/12 Updated for current rolling stock 1.4 14/8/12 Updated for current rolling stock 1.5 16/8/12 Corrections to El Zorro vehicles 1.6 25/8/12 T333 added to the Seymour Rail Heritage Centre Note covering NGXH / GGXH wagons operating on Class 2 1.7 13/9/12 track at 23 tonne axle load, deleted. 1.8 1/8/13 General update with currently approved vehicles 2.1 1/12/14 General update with currently approved vehicles 2.2 19/12/14 Amended as shown below 2.3 12/1/15 Amended as shown below 2.4 11/10/15 Amended as shown below 3.0 16/1/16 Amended as shown below Summary of significant changes from previous version Page Summary of change All pages General update to include approved vehicles for publishing and covered on TOC waivers: Speed of vehicles covered by Note R1 between Stockinbingal and Griffith, reduced from 4 70 km/h to 65 km/h for consistency with Note R20 (originally Note R18) 4 Note R1 Joppa Junction and Queanbeyan amended to Joppa Junction and Canberra Note R20 amended to absorb Notes R3 and R18 and wagons covered by R3 and R18
    [Show full text]
  • V/Line Access Arrangement May 2012
    Level 2, 35 Spring St Melbourne 3000, Australia Telephone +61 3 9651 0222 +61 1300 664 969 Facsimile +61 3 9651 3688 V/LINE ACCESS ARRANGEMENT DRAFT DECISION MAY 2012 An appropriate citation for this paper is: Essential Services Commission, V/Line Access Arrangement, Draft Decision, May 2012. Essential Services Commission. This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968 and the permission of the Essential Services Commission. CHAIRPERSON’S INTRODUCTION The Rail Management Act 1996 (RMA) sets out the Victorian rail access regime that applies to providers of declared rail infrastructure. The RMA prescribes that the Commission is responsible for administering the Victorian rail access regime. Through Declaration Orders, the Victorian Government determines which infrastructure services are subject to be declared for access. The Victorian regional rail network is declared for access and V/Line is the operator and access provider for this rail network. Under the RMA, V/Line must at all times have an approved access arrangement in place with the Commission. Access arrangements encourage competition and efficiency in the rail freight industry by allowing access seekers (i.e. freight operators) to negotiate access to certain declared infrastructure provided by access providers (i.e. V/Line) in order to enable freight operators to compete in markets where competition is dependent on such access. On 30 March 2012, the Commission received an application from V/Line to renew its access arrangement. On 5 April 2012, the Commission published a notice in the Melbourne Age and Herald Sun newspapers regarding V/Line’s application and undertook a stakeholder consultation process whereby stakeholders and the public were invited to make a submission regarding the application.
    [Show full text]
  • Railcorp MEMBERS to VOTE on ENTERPRISE AGREEMENT
    VOLUME 102 No. 3 September 2010 AND RAILROADTHE MAGAZINE OF THE NSW BRANCH OF THE RAIL, TRAM & BUS UNION RailCorp MEMBERS TO VOTE ON ENTERPRISE AGREEMENT Print Post Approved 25500003-01148 NSW BraNch head Office Level4, 321 Pitt Street, Sydney NSW 2000 Tel (02) 92642511 Fax (02)92611342 Email [email protected] Website www.rtbu-nsw.asn.au Bus and Tram Division 83-89 renwick Street redfern NSW 2016 Tel (02) 93197277 Fax (02) 93194341 RTBURTBU Holiday Holiday Park Park [email protected] VacanciesVacancies for for School School Holiday Holiday Period Period Locomotive Division TheThe RTBU RTBU Holiday Holiday Park Park is issituated situated in inJervis Jervis Bay Bay on on the the South South Coast. Coast. Level 4, 321 Pitt Street ModernModern self-contained self-contained units units with with colour colour TV, TV, microwave microwave ovens ovens and and Sydney NSW 2000 accomodateaccomodate families families of ofup up to to6 persons.6 persons. The The Holiday Holiday Park Park is is situated situated in in a a Tel (02) 92643400 NationalNational Park Park and and Members Members can can enjoy enjoy a holidaya holiday by by the the sea sea and and relax relax with with Fax (02) 92647679 fishing,fishing, tennis, tennis, boating, boating, swimming swimming or or bushwalking. bushwalking. Email [email protected] ForFor booking booking enquiries enquiries please please telephone telephone Ingrid Ingrid at at Head Head Office Office on on Newcastle Office (02)(02) 9264 9264 2511 2511 or or Dept: Dept: 34432 34432 33 Gordon avenue
    [Show full text]
  • Review of the Victorian Rail Access Regime: Final Report Volume Iii: Supporting Material February 2010
    Level 2, 35 Spring St Melbourne 3000, Australia Telephone +61 3 9651 0222 +61 1300 664 969 Facsimile +61 3 9651 3688 REVIEW OF THE VICTORIAN RAIL ACCESS REGIME: FINAL REPORT VOLUME III: SUPPORTING MATERIAL FEBRUARY 2010 An appropriate citation for this paper is: Essential Services Commission 2010, Review of the Victorian Rail Access Regime − Final Report: Supporting Material , February Essential Services Commission. This publication is copyright. No part may be reproduced by any process except in accordance with the provisions of the Copyright Act 1968 and the permission of the Essential Services Commission. STRUCTURE OF THE FINAL REPORT The Commission’s final report on its review of the Victorian rail access regime is set out in three volumes: • The first volume sets out the Commission’s findings and its recommendations to the Minister for Finance. The volume concludes with a range of observations for future consideration. • The second volume provides a comprehensive explanation of the Commission’s analysis and its findings. It elaborates on the reasoning behind its recommendations and discusses responses received from stakeholders. • This volume comprises supplementary material set out as appendices to the report. These appendices provide background information and more technical analysis related to the Review. CONTENTS STRUCTURE OF THE FINAL REPORT III CONTENTS 5 APPENDIX A TERMS OF REFERENCE 7 APPENDIX B CPA CLAUSE 6 PRINCIPLES 11 APPENDIX C SUBMISSIONS RECEIVED 17 APPENDIX D THE VICTORIAN RAIL FREIGHT INDUSTRY 19 D.1 Railway track
    [Show full text]
  • 2020-Annual-Report.Pdf
    19|20 ANNUAL REPORT Contents Purpose Growing regional Australia by delivering bulk FY2020 in Review .................................................. 1 commodities to the world. Chairman’s Report ................................................ 2 Managing Director & CEO’s Report .............. 3 Vision The first choice for bulk commodity transport Directors’ Report ...................................................4 solutions. – Operating and Financial Review .................11 – Remuneration Report ....................................25 Values Auditors’ Independence Declaration ........ 39 Safety: We have a relentless focus towards ZEROHarm. Corporate Governance Statement .............40 People: We seek diverse perspectives. Financial Report .................................................. 46 Integrity: We have the courage to do Shareholder Information ................................110 the right thing. Glossary .................................................................. 112 Customer: We strive to be the first choice Corporate Information ....................................114 for customers. Excellence: We set and achieve ambitious goals. FY2020 in Review Result Highlights (Underlying and statutory continuing operations) ($M) FY2020 FY2019 VARIANCE Total revenue 3,064.6 2,907.6 5% EBITDA 1,467.6 1,371.6 7% EBIT 909.0 829.0 10% EBIT Statutory 1,014.4 829.0 22% NPAT 531.4 473.3 12% NPAT Statutory 605.1 473.3 28% Free cash flow (FCF) 714.7 734.4 (3%) Final dividend (cps) 13.7 12.4 10% Total dividend (cps) 27.4 23.8 15% Earnings
    [Show full text]
  • Final Report of the Ministerial Inquiry Into Sustainable Transport, December 2003, (Hereafter Referred to As the Final Parry Report)
    LEGISLATIVE COUNCIL General Purpose Standing Committee No. 4 Closure of the Casino to Murwillumbah rail service Ordered to be printed on 24 November 2004 Report 10 – November 2004 LEGISLATIVE COUNCIL Closure of the Casino to Murwillumbah Rail Service New South Wales Parliamentary Library cataloguing-in-publication data: New South Wales. Parliament. Legislative Council. General Purpose Standing Committee No. 4 Inquiry into the closure of the Casino to Murwillumbah rail service : [report] / General Purpose Standing Committee No. 4. [Sydney, N.S.W.] : The Committee, 2004. – 156 p. ; 30 cm. (Report ; no. 10) Chair: Jenny Gardiner. “Ordered to be printed on 24 November 2004”. ISBN 0-7347-6425-9 1. Railroads—New South Wales. I. Title. II. Gardiner, Jenny. III. Series: New South Wales. Parliament. Legislative Council. General Purpose Standing Committee No. 4. Report ; no. 10 DDC 385.099443 ii Report 10 – November 2004 GENERAL PURPOSE STANDING COMMITTEE NO. 4 How to contact the Committee Members of the General Purpose Standing Committee No. 4 can be contacted through the Committee Secretariat. Written correspondence and enquiries should be directed to: The Director General Purpose Standing Committee No. 4 Legislative Council Parliament House, Macquarie Street Sydney New South Wales 2000 Internet www.parliament.nsw.gov.au Email [email protected] Telephone 02 9230 3544 Facsimile 02 9230 3416 Report 10 – November 2004 iii LEGISLATIVE COUNCIL Closure of the Casino to Murwillumbah Rail Service Terms of reference That General Purpose Standing
    [Show full text]
  • Document in Submission Cover
    Submission No 80 INQUIRY INTO THE CLOSURE OF CASINO TO MURWILLUMBAH RAIL SERVICES Organisation: NOROC Name: Mr Brian Martin Position: Executive Officer Telephone: 02 6622 2650 Date Received: 01/06/2004 Subject: Summary SUBMISSION BY NOROC (Northern Rivers Organisation of Councils Inc) LEGISLATIVE COUNCIL INQUIRY INTO CLOSURE OF CASINO TO MURWILLUMBAH RAIL SERVICE PRIORITIES FOR FUTURE RAIL DEVELOPMENT FOR THE NORTHERN RIVERS REGION May 2004 1 Table of Contents EXECUTIVE SUMMARY .......................................................................................................3 Immediate priorities ...............................................................................................................3 Medium-term priority..............................................................................................................4 TRANSPORT PLANNING IN THE NORTHERN RIVERS: CURRENT ISSUES......................5 Population Growth/Tourism....................................................................................................5 Investment.............................................................................................................................6 Access and Equity .................................................................................................................7 Environment ..........................................................................................................................7 Safety....................................................................................................................................8
    [Show full text]
  • Rail Regulator's Report 2015-16
    Rail Regulator’s Report 2015-16 A report on safety performance on the rail network in Queensland © State of Queensland (Department of Transport and Main Roads) 2016 http://creativecommons.org.licences/by/4.0/ This work is licensed under a Creative Commons Attribution 4.0 Licence. You are free to copy, communicate and adapt the work, as long as you attribute the authors. The Queensland Government supports and encourages the dissemination and exchange of information. However, copyright protects this publication. The State of Queensland has no objection to this material being reproduced, made available online or electronically but only if it’s recognised as the owner of the copyright and this material remains unaltered. The Queensland Government is committed to providing accessible services to Queenslanders of all cultural and linguistic backgrounds. If you have difficulty understanding this publication and need a translator, please call the Translating and Interpreting Service (TIS National) on 13 14 50 and ask them to telephone the Queensland Department of Transport and Main Roads on 13 74 68. Disclaimer: While every care has been taken in preparing this publication, the State of Queensland accepts no responsibility for decisions or actions taken as a result of any data, information, statement or advice, expressed or implied, contained within. To the best of our knowledge, the content was correct at the time of publishing. 2 Rail Regulator’s Report 2015-16, The Department of Transport and Main Roads, September 2016 Rail Regulator’s Report 2015-16 A report on safety performance on the rail network in Queensland Rail Regulator’s Report 2015-16, The Department of Transport and Main Roads, September 2016 3 Table of contents Message from the Director - General ............................................................................................................
    [Show full text]
  • Comparative Assessment of Road and Rail Infrastructure Charging Regimes in Australia Australasian Railway Association
    19 May 2006 Comparative assessment of road and rail infrastructure charging regimes in Australia Australasian Railway Association Project Team Adrian Kemp Greg Houston Hayden Green Katherine Lowe Elisabeth Ross Tim Sparks Daniel Young NERA Economic Consulting Darling Park Tower 3 201 Sussex Street Sydney NSW 2000 Tel: +61 2 8864 6500 Fax: +61 2 8864 6549 www.nera.com Contents Contents 1. Introduction 1 2. Nature of the road and below rail networks 3 2.1. Introduction 3 2.2. Road network and infrastructure providers 4 2.3. Rail network and infrastructure providers 4 2.4. Conclusion 6 3. Institutional characteristics of the road and rail access pricing regimes in Australia 7 3.1. Introduction 7 3.2. Road infrastructure charging regime 7 3.3. Rail infrastructure charging regime 9 3.4. Conclusion 22 4. Determining infrastructure charges for road and rail 23 4.1. Introduction 23 4.2. Method used to calculate infrastructure charges 23 4.3. Cost components included in the derivation of infrastructure charges 27 4.4. Approaches to new infrastructure investment 29 5. The relevance of reforms of the energy industry to the regulation of road and rail infrastructure 32 5.1. First phase of reform of the energy industry 32 5.2. Second phase of reform of the energy industry 34 5.3. Future reforms 35 5.4. Implications of the energy institutional design for road and rail 36 6. Conclusion 38 Appendix A. Commonwealth – Rail 40 A.1. Rail industry overview 40 A.2. Overview of the regulatory regime 43 A.3. Summary of current rail charges 46 A.4.
    [Show full text]
  • Derailment of Train 5MB7 Benalla, Victoria 2 June 2006
    ATSB TRANSPORT SAFETY INVESTIGATION REPORT Rail Occurrence Investigation Report 2006005 Final Derailment of Train 5MB7 Benalla, Victoria 2 June 2006 ATSB TRANSPORT SAFETY INVESTIGATION REPORT Rail Occurrence Report 2006/005 Final Derailment of Train 5MB7 Benalla, Victoria 2 June 2006 Released in accordance with section 25 of the Transport Safety Investigation Act 2003 – i – Published by: Australian Transport Safety Bureau Postal address: PO Box 967, Civic Square ACT 2608 Office location: 15 Mort Street, Canberra City, Australian Capital Territory Telephone: 1800 621 372; from overseas + 61 2 6274 6440 Accident and incident notification: 1800 011 034 (24 hours) Facsimile: 02 6247 3117; from overseas + 61 2 6247 3117 E-mail: [email protected] Internet: www.atsb.gov.au © Commonwealth of Australia 2007. This work is copyright. In the interests of enhancing the value of the information contained in this publication you may copy, download, display, print, reproduce and distribute this material in unaltered form (retaining this notice). However, copyright in the material obtained from non- Commonwealth agencies, private individuals or organisations, belongs to those agencies, individuals or organisations. Where you want to use their material you will need to contact them directly. Subject to the provisions of the Copyright Act 1968, you must not make any other use of the material in this publication unless you have the permission of the Australian Transport Safety Bureau. Please direct requests for further information or authorisation to: Commonwealth Copyright Administration, Copyright Law Branch Attorney-General’s Department, Robert Garran Offices, National Circuit, Barton ACT 2600 www.ag.gov.au/cca ISBN and formal report title: see ‘Document retrieval information’ on page v.
    [Show full text]