CANBERRA, ACT, Oct. 28 -- The Treasurer of Australia issued the following media release:

Today the Albanese Government released the terms of reference for the Productivity Commission Inquiry into key factors that determine regional airfares.

Regional Australians deserve reliable air services at reasonable prices and that's what this review is about.

That's why in response to the Aviation White Paper, we tasked the Productivity Commission to look at regional airfares, including competition, pricing practices and whether profits along the supply chain are fair.

This will give state governments and the Commonwealth the nationally consistent data required to tackle the issue of regional airfares.

We know that safe, affordable and reliable ...