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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.

The Independent Pricing and Regulatory Tribunal of NSW is undertaking a review of the pricing policies for urban public passenger transport.

This Overview Report focuses on the major issues arising from the Tribunal’s inquiry into the pricing of public passenger transport. Five other Interim Reports are being released together with this Overview Report.

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As required by Section 11(1) of the Independent Pricing and Regulatory Tribunal Act 1992, the Independent Pricing and Regulatory Tribunal has investigated proposals by the State Rail Authority (a standing reference agency in Schedule 1 of the Act)

This report reviews the costs of providing bus and ferry transport services, and the elationship between cost recovery, fare structure and efficiency.

Countrylink is the NSW government owned provider of long distance passenger train and coach services in NSW.

The Independent Pricing and Regulatory Tribunal (the Tribunal) is responsible for determining prices and advising the state Government on pricing policy for government monopoly services within the urban passenger network.