124IPART investigations and determinations

#### 124 IPART investigations and determinations 124 IPART investigations and determinations > > (1) IPART is to conduct investigations and report to the Minister on the appropriate maximum fares if a referral is made under this Part. > > > (2) IPART may report to the Minister on any matter it considers relevant that arises from an investigation under this Part. > > > (3) IPART is to consider the following matters in making a determination or recommendation under this Part— > > > > > (a) the cost of providing the services, > > > > > (b) the need for greater efficiency in the supply of services so as to reduce costs for the benefit of consumers and taxpayers, > > > > > (c) the protection of consumers from abuses of monopoly power in terms of prices, pricing policies and standards of service, > > > > > (d) the social impact of the determination or recommendation, > > > > > (e) the impact of the determination or recommendation on the use of the public passenger transport network and the need to increase the proportion of travel undertaken by sustainable modes such as public transport, > > > > > (f) standards of quality, reliability and safety of the services (whether those standards are specified by legislation, agreement or otherwise), > > > > > (g) the effect of the determination or recommendation on the level of Government funding, > > > > > (h) any matter specified in the referral to IPART, > > > > > (i) any other matter IPART considers relevant. > > > (4) IPART must indicate what regard it has had to the matters specified in this section in any report of a determination or recommendation under this Part. > > > (5) If IPART makes a determination or recommendation to increase the maximum fare for a service provided by a corporation constituted under the [Transport Administration Act 1988](/view/html/inforce/current/act-1988-109) or under a passenger service contract that provides (however expressed) for the payment of fare revenue to TfNSW, IPART is required to assess and report on the likely annual cost to the Consolidated Fund if the fare were not increased to the maximum permitted and compensation were paid to the corporation or TfNSW for the revenue foregone by an appropriation from the Consolidated Fund. > > > (6) Sections 13A–14A and Divisions 6 and 7 of Part 3 of the [Independent Pricing and Regulatory Tribunal Act 1992](/view/html/inforce/current/act-1992-039) apply to an investigation and report by IPART under this Part in the same way as they apply to a determination, investigation or report under that Act. The provisions so apply as if a reference in those provisions to the Minister were a reference to the Minister administering this Act. > > **s 124:** Am 2015 No 15, Sch 2.39 \[1\].