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Independent Pricing and Regulatory Tribunal Act 1992
14Method of fixing maximum prices
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#### 14 Method of fixing maximum prices
14 Method of fixing maximum prices
> > (1) A determination of the Tribunal of the maximum price for a government monopoly service may fix that price in any manner the Tribunal considers appropriate, including the following—
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> > > (a) by fixing an average price for a number of categories of the service,
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> > > (b) by fixing a percentage increase or decrease in existing prices,
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> > > (c) by fixing an average percentage increase or decrease in existing prices for a number of categories of the service,
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> > > (d) by fixing a specified price for each category of the service (if any other manner is not considered appropriate).
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> > (2) The Tribunal may fix such a price by reference to—
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> > > (a) a general price index (such as the Consumer Price Index), or
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> > > (b) the government agency’s economic cost of production, or
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> > > (c) a rate of return on the assets of the government agency.