Valid from 01/04/2008
Railways and Transport Safety Act 2003 (c. 20)E+W
24E+WIn section 54 of the Railways and Transport Safety Act 2003 (performance directions), for subsection (1) substitute—
“(1)The Secretary of State may give a direction to the Authority—
(a)specifying factors (“performance indicators”) by reference to which the Authority's performance in exercising functions can be measured;
(b)specifying standards (“performance standards”) to be met by the Authority in relation to performance indicators specified under paragraph (a).
(1A)In specifying performance indicators and performance standards, and in deciding whether to do so, the Secretary of State shall aim to promote improvement of the way in which the functions of the Authority are exercised, having regard to a combination of economy, efficiency and effectiveness.
(1B)A direction under subsection (1) may specify different performance indicators or performance standards—
(a)for different functions;
(b)to apply at different times.
(1C)The Secretary of State may give a direction to the Authority requiring the Authority to—
(a)specify performance indicators in relation to functions;
(b)set targets for the performance of functions (“performance targets”) by reference to performance indicators specified under paragraph (a) or subsection (1)(a);
(c)set a plan of action to be taken for the purposes of meeting a performance target.”