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 (ER Act)
Under the ER Act the Tasmanian Economic Regulator may conduct 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 Tasmanian Economic Regulator may also conduct investigations into possible
non-compliance by government agencies and local government bodies in accordance
with the competitive neutrality requirements set out in Part 6 of the ER Act.
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.