IPART's role in regulating rural and regional bus fares is to recommend to the Minister for Transport changes to the maximum fares bus operators can charge for regular passenger services for fare-paying passengers in rural and regional NSW.
IPART recommends maximum fares for regular private ferry services in New South Wales under Section 9 of the Independent Pricing and Regulatory Tribunal Act. IPART also determines maximum fares for the Stockton ferry under Section 11 of this act.
We have finalised our recommendations for the number of annual taxi licences to be released in Sydney in 2014, and the fares to apply in urban areas (Sydney, Newcastle, Wollongong, the Central Coast and the Blue Mountains) from July 2014.
The purpose of this model is to:a) Calculate the annual historical increase in costs faced by drivers and operators of taxis via the urban and country taxi cost index.b) Adjust the index weightings to ensure that the index reflects the costs faced