IPART has a role in arbitrating disputes over 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 2007. That Regulation will be repealed on 1 September 2012 under section 10(2) of the Subordinate Legislation Act 1989. The object of the proposed Regulation is to modify and clarify how the Commercial Arbitration Act 2010 applies to arbitrations of rail access disputes under Part 4A of the Independent Pricing and Regulatory Tribunal Act 1992, and disputes over access to water infrastructure services under the Water Industry Competition Act 2006. A Regulatory Impact Statement has been prepared for the proposed Regulation.