The Tribunal reviews taxi fares annually, using the powers provided under Section 9 of the IPART Act, and in accordance with the terms of reference provided by the Premier. The Tribunal then reports its findings to the Minister for Transport. It does not determine fares.

For the 2006 review of fares, having considered stakeholder submissions already received in relation to the 2006 review of fares, and taking into account views it has expressed in its previous reports to the Minister, the Tribunal intends to consider adopting a new approach for adjusting taxi fares. This Issues Paper sets out alternative approaches and discusses the advantages and disadvantages of each. It also explains the need to account for increases in productivity when adjusting taxi fares, and discusses several approaches for doing this.