The Independent Pricing and Regulatory Tribunal Regulation 2012 (2012 Regulation) replaces the Independent Pricing and Regulatory Tribunal Regulation 2007 on its repeal. The object of the 2012 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. IPART has prepared a report and recommendations on the form of the 2012 Regulation.