Independent Pricing and Regulatory Tribunal of New South Wales
The Independent Pricing and Regulatory Tribunal of New South Wales (IPART) is an independent regulatory and pricing tribunal that oversees regulation in water, gas, electricity and transport industries in the Australian state of New South Wales.It was established in 1992 by Government of New South Wales to regulate the maximum prices for monopoly services by government utilities and other monopoly businesses, such as public transport.IPART's organisational arm or Secretariat is managed by its chief executive officer.They are: IPART also conducts reviews and investigations to advise the NSW government and its agencies on a range of economic and policy issues, such as pricing, efficiency, industry structure and competition.The premier can also appoint any number of additional temporary members.