The NSW Rail Access Undertaking
The NSW Rail Access Undertaking provides for third party access to certain parts of the NSW rail network owned by the Transport Asset Holding Entity (TAHE) (formerly Rail Corp) and the Australian Rail Track Corporation (ARTC).
The undertaking requires rail owners to:
- charge no more than the full economic costs of providing access
- charge at least the direct costs caused by trains using the rail line
TAHE and ARTC are required to submit information to IPART each year to demonstrate they have complied with the Undertaking.
The rail owners and the access seekers negotiate on prices and other conditions in accordance with the Undertaking. We keep a register of who has entered into these agreements.
If the parties cannot agree on access, then either party can initiate arbitration. IPART may be the arbitrator or we can appoint a third party to undertake arbitration. We have published a recommended procedural framework for arbitrators that we appoint.
We are currently reviewing the NSW Rail access Undertaking. Our final report to the Minister for Customer Service is due by May 2023.
Rate of return and remaining mine life reviews
The Undertaking requires rail access owners to charge no more than the full economic costs providing access. As required by the Undertaking, IPART determines certain inputs to how the full economic costs are calculated. These are the:
- rate of return
- the remaining mine life.
We determine these inputs every 5 years. We last reviewed the rate of return and remaining mine life in 2019. These decisions apply until 30 June 2024.
Documents on this page
|1999||NSW Rail Access Undertaking|
|2012||Arbitration under Part 4A of the Independent Pricing and Regulatory Tribunal Act 1992 (NSW): Practice Directions|