The Tribunal has been asked to examine specific elements of the NSW Rail Access Regime
(the Regime). This investigation has been referred to the Tribunal by the Premier under Section 12A of the Independent Pricing and Regulatory Tribunal Act 1992. The final terms of reference of the review are shown in Appendix A. The NSW Rail Access Regime enables rail operators1 to make use of rail infrastructure2. The Rail Access Corporation (RAC), a state owned corporation, owns the rail infrastructure in NSW.