Rail Management Act 1996

The Minister, by notice published in the Government Gazette, may specify maximum prices for declared rail transport services provided by an access provider by means of a declared rail network for a financial year.

For the purpose of specifying maximum prices under subsection (1), the Minister must have regard to—

the costs of maintaining the declared rail network; and

the opportunity for an access provider to recover any capital investment in the declared rail network; and

the costs incurred by an access provider in providing the declared rail transport services; and

the railway track standards specified in the applicable Statement of Freight Network Capability; and

the Government's rail freight policies and programs.

A notice under subsection (1) must—

specify—

the declared rail transport services to which the specified maximum prices will apply; and

the financial year during which the specified maximum prices will apply to the provision of declared rail transport services; and

be published in accordance with that subsection before 1 June preceding the financial year.