145Investigation and report by IPART

145 Investigation and report by IPART

145 Investigation and report by IPART

(1) The Independent Pricing and Regulatory Tribunal is to conduct an investigation of interment costs and the pricing of interment rights within the interment industry with regard to—

(a) the relativity of costs and pricing factors for perpetual and renewable interment rights, and

(b) full-cost pricing of perpetual interment rights, including provision for the perpetual care of interment sites and cemeteries.

(2) The investigation is to include a review of competition, cost and pricing factors within the funeral industry.

(3) A report on the outcome of the investigation is to be provided to the Minister within 3 years after the commencement of this section.

(4) The Minister is to make the report publicly available free of charge by publishing it on a website maintained by the Department.

(5) Except to the extent that the regulations otherwise provide, Division 7 of Part 3 of the Independent Pricing and Regulatory Tribunal Act 1992 applies to and in respect of an investigation under this section.