Rail Management Act 1996

The Minister, by notice published in the Government Gazette, may specify new maximum prices that will apply to the provision of declared rail transport services provided by an access provider by means of a declared rail network for a financial year after the financial year in respect of which the Minister specified maximum prices under section 38J.

In specifying new maximum prices under subsection (1), the Minister must have regard to published industry price indices that the Minister considers suitable.

A notice under subsection (1) must—

specify—

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

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

specify the industry price indices that the Minister had regard to for the purpose of specifying the new maximum prices; and

be published in accordance with that subsection before 1 June in the year preceding the financial year in which the declared rail transport services will be provided by the access provider (and in respect of which the new maximum prices have been specified).