The purpose of this Act is to promote the long term viability of the tourist and heritage railway sector and promote an improvement in the operations of that sector as part of an integrated and sustainable transport system. The Act does so by—
(a) establishing a register of assets used, controlled or managed by tourist and heritage railway operators; and
(b) providing improved land tenure and asset management schemes for tourist and heritage railway operators; and
(c) establishing a voluntary registration scheme for tourist and heritage railway operators under which registered operators may access programs and initiatives made available under the scheme.