This paper provides a brief overview of our objectives in this review, gives some definitions andexplanations of key concepts, and explains our criteria for assessing the treatment of cost items and inflators in the index
The main purpose of this year’s annual review is to reweight the Taxi Cost Indices (TCIs) so that it resembles the structure of costs faced by the industry as closely as possible.
The Tribunal is reviewing the form of regulation. For taxis it has proposed several methodologies and is seeking stakeholder comment.
As part of its 2006 review of taxi fares, the Tribunal decided to review this approach and assess alternative approaches for recommending fare changes.