On 1 June 2010 the functions of the Government Prices Oversight Commission were vested with the Tasmanian Economic Regulator under the Economic Regulator Act 2009.
Prior to 1 June 2010, under the previous Government Prices Oversight Act 1995 (GPO Act) the Commission was responsible for conducting investigations and reviews into the pricing policies and practices of Government Business Enterprises, Government Agencies and Local Government Bodies that are monopoly, or near monopoly, suppliers of goods and services in Tasmania. The Commission was also responsible for conducting investigations into possible non-compliance by government agencies and local government bodies with the competitive neutrality requirements set out in Part 4 of the GPO Act.
Information relating to activities undertaken by the Commission prior to 1 June 2010 is stored on the GPOC Website as are the Commission’s annual reports from 1996 to 2009.
Since 1 June 2010, in performing those functions previously vested with GPOC, the Tasmanian Economic Regulator has conducted several investigations and reviews under the Economic Regulator Act. These include competitive neutrality investigations, investigations into monopoly services supplied by monopoly providers, and inquiries into the pricing policies of prescribed bodies and taxis fare methodology. For further information, please follow the links below:
- Competitive Neutrality - complaints investigated in accordance with Part 6 of the ER Act.
- Investigations - requested by the Government and conducted in accordance with Part 3 of the ER Act. These investigations relate to monopoly services supplied by a monopoly provider - and have been conducted in respect of both Metro Tasmania and the Motor Accidents Insurance Board.
- Inquiries - requested by the Government from time to time and conducted in accordance with either Part 4 or Part 5 of the ER Act. Part 4 inquiries relate to the pricing policies of a prescribed body (a prescribed body means an agency, a Government Business Enterprise, a statutory authority, State owned Company or local Government body) whilst Part 5 inquiries relate to the recommendation of appropriate methodologies for setting taxi fares.
On 1 July 2015, following the enactment of the Economic Regulator Amendment Act 2015, the Economic Regulator Act was amended to reduce the scope of the Regulator’s functions. Since this time, the Regulator is no longer responsible for conducting Metro Tasmania pricing investigations. The review of Metro Tasmania pricing now lies with the Department of State Growth.