Under the Passenger Transport Act 2014, the Minister of Transport and Roads can ask IPART to determine maximum Opal fares that can be charged for all rail, bus, ferry and light rail fares used in Sydney and surrounds. In our most recent 2016 review, we determined that fares could increase by an average of 4.2% per year between July 2016 and June 2019.
Within this fare cap, the NSW Government sets individual Opal fares and other terms and conditions of travel, such as discounts for off-peak travel, and frequent travel. IPART checks that the fares proposed by the NSW Government do not exceed the maximums allowed. Between July 2016 and June 2019, the NSW Government has increased fares by an average of 2.4% per year.
In February IPART completed the review for Opal fares from 1 July 2020. Our final report and findings have now been released.
In setting fares, we must consider:
We undertake extensive public consultation through our review processes to understand the range of stakeholder views, and consider these views alongside the findings of our economic modelling and analysis.
IPART does not determine concession policies for public transport services, including pensioner and regional ‘excursion tickets’ and any concession tickets on rail, ferry or buses. These policies are set by the NSW Government.