IPART received a draft Terms of Reference from the NSW Government to investigate and report on the financial model for NSW local councils under section 12A of the Independent Pricing and Regulatory Tribunal Act 1992.

IPART sought feedback on the draft Terms of Reference until 15 March 2024 via a survey and submissions. 

On 19 March 2024, IPART received a letter from the NSW Government withdrawing the referral for the review of the financial modelling of councils to avoid unnecessary duplication, as the matter will now instead be considered by the NSW Parliament’s Standing Committee on State Development.