Victorian Consolidated Legislation

Essential Services Commission Act 2001 - SECT 32

PART 3 SPECIFIC POWERS

Price Regulation

32. Price Regulation



(1) The Commission may regulate prescribed prices for or in respect of
prescribed goods and services supplied by or within a regulated industry.

(2) In this section-

prescribed goods and services means any goods or services made, produced or
supplied by or within a regulated industry which goods or services are
specified in the empowering instrument as being goods or services in respect
of which the Commission has power to regulate prices;

prescribed price means the price or price-range however designated for the
supply or sale of any goods or services by or within a regulated industry or
particular factors used in price-fixing or terms and conditions relating to
the price at which particular goods or services are supplied or sold, being a
price, price-range, factor or term and condition specified in the empowering
instrument as being a price, price-range, factor or term and condition which
the Commission has power to regulate.