Australian Capital Territory

Independent Competition and 
Regulatory Commission (Reference for 
Investigation) 2002 

Notifiable instrument NI2002 - 325

made under the 

Independent Competition and Regulatory Commission Act 1997, s15 (Nature of industry references) 

TERMS OF REFERENCE

for an Investigation into public bus passenger service fares

Regulated industries under Section 4
Pursuant to subsection 4(1) of the Act, the Minister for Urban Services in December 1999 declared the public transport bus services provided by ACTION within the ACT, to be a regulated industry.

Reference for Investigation Under Section 15
Pursuant to subsection 15(1) of the Act, I refer to the Commission the matter of an investigation into the determination of prices for public passenger bus services provided by ACTION within the Territory from 1 July 2003.

Specified Requirements in Relation to Investigation Under Section 16
Pursuant to subsection 16(1) of the Act, I specify the following requirements in relation to the conduct of the investigation:
(a).	The final report is to be provided to the Minister for Urban Services in relation to determined public passenger bus service prices for the period from 1 July 2003 to 30 June 2006, by 16 May 2003;

(b).	A draft report in relation to determined public bus passenger service prices for the period from 1 July 2003 to 30 June 2006 is to be provided to the Minister for Urban Services and be made available for public examination and consultation in accordance with Section 18 of the Act.

The Commission, in conducting its investigation into the determination of prices shall determine a price path capable of being applied over a period of 3 years.  

The Determination should consider current and projected patronage trends and any other noticeable trends flowing from the previous 1 July 2002 fare increase and the introduction of single zone flat fares.  

Dated this 11th day of September 2002

Bill Wood
Minister for Urban Services