16Terms of industry references

16 Terms of industry references (1) The referring authority may determine terms of reference for an investigation on an industry reference. (2) The terms of reference may include 1 or more of the following: (a) a specification of a period within which a report is required to be submitted to the referring authority; (b) a requirement that the commission consider specified matters;

(c) except in relation to price regulation, the making of a price direction and any related investigation and report—a requirement that the commission exercise its functions subject to any subsequent written direction of the authority; (d) if the industry reference authorises the commission to make a price direction—a specification, after consultation with the commission, of when a draft report is to be made available for public inspection under section 18 (4). Note A draft report into a price regulation investigation must also include a proposed price direction (or variation)—see s 18 (5). (3) A determination under subsection (1) is a disallowable instrument. (4) A referring authority must cause a direction mentioned in subsection (2) (c) to be presented to the Legislative Assembly within 6 sitting days after it is given.