The Independent Pricing and Regulatory Tribunal of New South Wales (the Tribunal) regulates the prices that the State Rail Authority can charge for its CityRail train services, and the State Transit Authority can charge for many of its Sydney Buses, Sydney Ferries and Newcastle bus and ferry services. Since its 1999 determination will expire on 30 June 2000, the Tribunal has undertaken an investigation and review, and has made a determination for next 12-month period, from 1 July 2000 to 30 June 2001.