Under the Victoria Government’s reforms of the taxi industry, taxi operators and networks in the Regional and Country taxi zones are able to set their own taxi fares. The Transport (Compliance and Miscellaneous) Act 1983 sets out a notification, publication and monitoring regime that applies to taxi fares in these zones.
Under the new regime, the Taxi Services Commission is the industry regulator, administering a Price Notification System. The Essential Services Commission is the economic regulator.
Our role is to monitor and report on regional and country taxi fares, and to bring any evidence of potential misuse of market power to the attention of the Government.
Further the monitoring regime will keep Victorian customers and the Government informed about the economic performance of the industry, and support the efficient operation of the industry by monitoring three aspects of industry performance (prices, costs and return on assets).