The Independent Pricing and Regulatory Tribunal (IPART) is calling for community input into how public transport fares should be set until 2024.IPART is reviewing maximum fares across all rail, bus, ferry and light rail services on which the Opal
This Information Paper provides a brief summary of what the Issues Paper says about reviewing maximum fares for taxis across NSW to apply from July 2018.
The Tribunal commissioned the Institute of Transport Studies (ITS) to conduct a survey within the Sydney region to estimate the sensitivity of travel choice to fare changes. This sensitivity is referred to as fare elasticity.