Independent Competition and Regulatory Commission Act 1997

The referring authority may determine terms of reference for an investigation on an industry reference.

The terms of reference may include 1 or more of the following:

a specification of a period within which a report is required to be submitted to the referring authority;

a requirement that the commission consider specified matters;

except in relation to price regulation, the making of a price direction and any related investigation and report—a requirement that the commission exercise its functions subject to any subsequent written direction of the authority;

if the industry reference authorises the commission to make a price direction—a specification, after consultation with the commission, of when a draft report is to be made available for public inspection under section 18 (4).

A draft report into a price regulation investigation must also include a proposed price direction (or variation)—see s 18 (5).

A determination under subsection (1) is a disallowable instrument.

A referring authority must cause a direction mentioned in subsection (2) (c) to be presented to the Legislative Assembly within 6 sitting days after it is given.