38LReview of specified maximum prices following change in railway track standards

38L Review of specified maximum prices following change in railway track standards

S. 38L(1) amended by No. 49/2019 s. 186(Sch. 4 item 35.4).

(1) This section applies if the Head, Transport for Victoria notifies the Minister under section 38R of an amendment to a Statement of Freight Network Capability that includes an amendment to railway track standards specified in the Statement.

(2) The Minister must review any specified maximum prices for the provision of declared services that will be affected by the amendment of railway track standards. The review must be completed within 30 days after that amendment takes effect.

(3) The Minister must act under section 38K if following the review the Minister is of the opinion that new maximum prices should be specified for the provision of declared rail transport services affected by the amendment of railway track standards.

S. 38M substituted by No. 68/2017 s. 88.