Independent Pricing and Regulatory Tribunal of New South Wales

The Independent Pricing and Regulatory Tribunal of New South Wales (IPART) is an independent regulatory and pricing tribunal that oversees regulation in water, gas, electricity and transport industries in the Australian state of New South Wales. IPART was established in 1992 by Government of New South Wales with the primary purpose of regulating the maximum prices for monopoly services by government utilities and other monopoly businesses such as public transport.
IPART's organisational arm or Secretariat is managed by the Chief Executive Officer. IPART has approximately 140 staff members and an annual budget of 25 million. The current Chairman is Dr Peter Boxall . IPART is responsible to the Premier of New South Wales, presently Gladys Berejiklian MP.
IPART's role is set out in various pieces of state legislation including the "Independent Pricing and Regulatory Tribunal Act 1992", the "Gas Supply Act 1996", the "Electricity Supply Act 1995", the "National Electricity (NSW) Law 1997" and the "Transport Administration Act 1996".
Functions.
IPART's core functions are conferred by legislation, rules and access regimes established by legislation. These functions are to:
In addition to these functions, IPART also undertakes reviews and investigations to advise the NSW government and its agencies on a range of economic and policy issues such as pricing, efficiency, industry structure and competition.
Membership.
Tribunal Members.
The Tribunal comprises three permanent members: a Part-Time Chairman and 2 Part-Time Tribunal Members. Tribunal members are appointed by the Premier. The Premier can also appoint any number of additional temporary members. As of April 2017, the permanent Tribunal members are: