111Regulator to monitor fares for commercial passenger vehicle services

111 Regulator to monitor fares for commercial passenger vehicle services

(1) This section applies during the 5 year period beginning on the commencement of item 10.6 of Schedule 1 to the Commercial Passenger Vehicle Industry Amendment (Further Reforms) Act 2017.

(2) The regulator must monitor fares for commercial passenger vehicle services with a view to—

(a) keeping Victorian consumers and the Government informed about the economic performance of the commercial passenger vehicle industry; and

(b) supporting the efficient operation of the industry by—

(i) monitoring, describing and analysing trends in fares for commercial passenger vehicle services; and

(ii) identifying and highlighting potential areas of misuse of market power that warrant further investigation.

The regulator has power under section 264 to require the provision of any information, or the production of any documents, that may assist it in performing its functions.

(3) The regulator must prepare an annual report on the conduct of its activities under this section.

(4) In addition, the regulator may at any time, on its own initiative, prepare a special report on the conduct of its activities under this section.

(5) In preparing a report, the regulator must have regard to the need to ensure that the report does not disclose information that is of a commercially sensitive nature.

(6) The regulator must submit a copy of any report prepared by the regulator under this section to the Minister administering this Division.

(7) The regulator must ensure that a copy of any report submitted under subsection (6) is published on the regulator's internet site.

Division 3—Non-cash payment surcharge

S. 112 inserted by No. 63/2017 s. 18.