Regulated Industries Commission (RIC)

  • Making recommendations on the award of licences;
  • Monitoring and enforcing compliance with licence conditions;
  • Establishing the principles upon which tariffs will be based and monitoring rates charged to ensure compliance;
  • Prescribing standards for services and monitoring compliance of those standards;
  • Carrying out studies of efficiency and economy of operation and of performance;
  • Facilitating competition between service providers where competition is possible and desirable;
  • Investigating complaints by consumers, of their failure to obtain redress from service providers;
  • Imposing and collecting fees for licences; and
  • Ensuring that service providers earn sufficient return to finance necessary investment.