INDEPENDENT PRICING AND REGULATORY TRIBUNAL ACT 1992 - SECT 16 Report on financial impact if maximum price not charged

INDEPENDENT PRICING AND REGULATORY TRIBUNAL ACT 1992 - SECT 16

16 Report on financial impact if maximum price not charged

If the Tribunal determines to increase the maximum price for a government monopoly service or determines a methodology that would or might increase the maximum price for a government monopoly service, the Tribunal is required to assess and report on the likely annual cost to the Consolidated Fund if the price were not increased to the maximum permitted and the government agency concerned were to be compensated for the revenue foregone by an appropriation from the Consolidated Fund.