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Independent Pricing and Regulatory Tribunal Act 1992
13ADeterminations of pricing
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#### 13A Determinations of pricing
13A Determinations of pricing
> > (1) In making a determination of the pricing for a government monopoly service, the Tribunal is limited to either of the following approaches—
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> > > (a) the first approach, which involves either—
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> > > > (i) fixing the maximum price for the government monopoly service, or
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> > > > (ii) setting the methodology for fixing the maximum price for the government monopoly service, or
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> > > (b) the second approach, which involves both—
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> > > > (i) fixing the maximum price for a part or parts of the government monopoly service, and
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> > > > (ii) setting the methodology for fixing the maximum price for any other part or parts of the government monopoly service.
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> > (2) The Tribunal may not choose to make a determination that involves setting the methodology for fixing a maximum price, unless the Tribunal is of the opinion that it is impractical to make a determination directly fixing the maximum price.
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> > (3) The Tribunal is to include in its determination a statement of the reasons why it has chosen to make a determination that involves setting the methodology for fixing a maximum price.
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> > (4) In relation to determinations that involve the second approach (“mixed determinations”), a reference (however expressed) in this or any other Act to—
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> > > (a) a determination of, or fixing, the maximum price for a government monopoly service includes a reference to so much of a mixed determination as involves fixing the maximum price for any part or parts of a government monopoly service, and
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> > > (b) a determination of, or setting, the methodology for fixing the maximum price for a government monopoly service includes a reference to so much of a mixed determination as involves setting the methodology for fixing the maximum price for any part or parts of a government monopoly service.
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> **s 13A:** Ins 1994 No 88, Sch 6 (4). Subst 2000 No 60, Sch 3.1 \[13\].