IPART has a role in the arbitration of disputes regarding negotiations of third party access to public infrastructure assets in NSW. The purpose of the proposed Regulation is to remake, without substantial amendment, the Independent Pricing and Regulatory Tribunal Regulation 2002. That Regulation will be repealed on 1 September 2007 under section 10(2) of the Subordinate Legislation Act 1989. The object of the proposed Regulation is to modify the application of the Commercial Arbitration Act 1984 to the arbitration of a dispute under Part 4A of the Independent Pricing and Regulatory Tribunal Act 1992. A Regulatory Impact Statement has been prepared for the proposed Regulation.