2001
THE LEGISLATIVE ASSEMBLY FOR THE AUSTRALIAN CAPITAL
TERRITORY
INDEPENDENT PRICING AND REGULATORY COMMISSION ACT 1997
REFERENCE FOR INVESTIGATION UNDER SECTION 15
AND
SPECIFIED REQUIREMENTS IN RELATION TO INVESTIGATION
UNDER SECTION 16
EXPLANATORY STATEMENT
No. 291 of 2001
Circulated by the Authority of Minister for Urban Services
Brendan Smyth MLA

AUSTRALIAN CAPITAL TERRITORY
INDEPENDENT PRICING AND REGULATORY COMMISSION ACT 1997
REFERENCE FOR INVESTIGATION UNDER SECTION 15
AND
SPECIFIED REQUIREMENTS IN RELATION TO INVESTIGATION UNDER SECTION
16
EXPLANATORY STATEMENT
By instrument dated 15 June 1998 the Minister for Urban Services declared the ACT taxi industry
to be a regulated industry, being an industry whose infrastructure facilities are wholly or
substantially owned, controlled or operated by a single person.
The purpose of the declaration allows for the reference of ACT taxi fares to the Independent
Competition and Regulatory Commission (the Commission) for investigation.
This determination directs the Commission to conduct an investigation into the determination of
prices for Taxi services within the Territory from 1 July 2002 addressing the following:
1. To further develop and refine the new costing and pricing model constructed by the Commission
to determine prices (fares) for taxi services to provide a reliable and sustainable service for the
period of the determination for both the industry and consumers. The costing and pricing model
should address deficiencies within the existing taxi cost index and make provisions, where
appropriate, for return on investment and efficiency gains through technology.
2. The recommended maximum fares for the regulated taxi services for a period of two years from
1 July 2002.