Independent Competition and Regulatory Commission Act 1997

An eligible person may apply for review by an industry panel of a price direction for regulated services.

An application must include—

the grounds for review, and the evidence relied on to support each ground; and

a statement setting out how, having regard to the commission’s objective when making a price direction, a new price direction would be, or would be likely to be, materially better than the original price direction.

Note The commission’s objective is stated in s 19L.

An application for review must be lodged with the commission within 3 months after the final report into the price direction investigation is presented to the Legislative Assembly under section 24 (Presenting of reports to Legislative Assembly).

After lodgment of an application for review, the commission must—

give all other eligible people a copy of the application, inviting them to lodge written notice with the commission within 14 days if they intend to appear as a party; and

give public notice of the application.

Note Public notice means notice on an ACT government website or in a daily newspaper circulating in the ACT (see Legislation Act, dict, pt 1).