The Economic Regulation of Transport Act, 2024 (Act No. 6 of 2024)Chapter 4 : Establishment of InstitutionsPart C : Administrative matters concerning Regulator and Council53. Reviews and reports by Regulator and Council |
| (1) | In addition to any other reporting requirement set out in this Act, the Regulator and the Council must each report to the National Assembly at least once every year on their respective activities, as required by the Public Finance Management Act. |
| (2) | The Regulator and the Council must each deliver to the Minister copies of their annual reports. |
| (3) | The Minister may prescribe standards for the form and content of the annual reports, but any such regulation must, at a minimum, require the Regulator to include a report on— |
| (a) | compliance with this Act by transport sector; |
| (b) | significant compliance contraventions; |
| (c) | access to infrastructure; |
| (d) | outcome of any market inquiry conducted; |
| (e) | price controls set or approved; and |
| (f) | formal consultations undertaken with regards to proposed changes to price control methodologies. |
| (4) | At least once every five years, the Minister must conduct a review of the exercise of the functions and powers of the Regulator and of the Council, relative to the policy and purposes of this Act. |