INDEPENDENT PRICING AND REGULATORY TRIBUNAL ACT 1992 - SECT 12 Investigations and reports by Tribunal--reference by Minister

INDEPENDENT PRICING AND REGULATORY TRIBUNAL ACT 1992 - SECT 12

12 Investigations and reports by Tribunal--reference by Minister

(1) The Tribunal is also to conduct investigations and make reports to the Minister on any of the following matters referred to the Tribunal by the Minister--

(a) the determination of the pricing for a specified government monopoly service,

(b) a periodic review of pricing policies in respect of a specified government monopoly service.

(2) This section applies to a government monopoly service whether or not it is supplied by a government agency specified in Schedule 1.

(3) A reference with respect to the determination of the pricing of a government monopoly service may extend to an annual or other periodic determination of that pricing.

(4) The Tribunal may request the Minister to refer a matter to the Tribunal under this section.

(5) If the Minister has referred a matter to the Tribunal for investigation and report, the Minister may withdraw or amend the reference at any time before the Minister has received the report from the Tribunal.