66EInvestigation into reserve prices

66E Investigation into reserve prices

[Section 66E of Part 3 Inserted by No. 28 of 2020, s. 46, Applied:30 Dec 2020]

(1)  The Regulator must, before making a reserve price determination, conduct an investigation, in accordance with the terms of reference, as to the reserve price for owner-operator taxi licences in relation to a taxi area.

(2)  For the purposes of this Part, the terms of reference are –

(a) if the investigation is the first investigation after this section commences, the matters specified in section 66D(2) and (3) ; or

(b) in any other case, the terms of reference given to the Regulator under subsection (3) .

(3)  The Minister and the Treasurer, jointly, must –

(a) at least 11 months before there ceases to be a reserve price determination in relation to a calendar year; and

(b) if a notice is given under section 66C(8) , as soon as practicable after receiving the notice –

give to the Regulator the terms of reference in relation to the investigation to be conducted for the purposes of the next reserve price determination under section 66C(2) .

(4)  The terms of reference under subsection (3) may –

(a) specify the matters, not referred to in section 66F , that the Regulator is to consider when conducting an investigation; and

(b) specify which of the matters, specified in accordance with paragraph (a) , or specified in section 66F , are to be considered by the Regulator to be more important than other matters so specified.

(5)  The Regulator –

(a) is to give notice of the investigation to each person who holds a taxi licence in relation to the taxi area to which the investigation relates; and