The Public Transport Council (PTC), an independent body that regulates public transport fares, is making enhancements to transfer rules to provide more flexibility to commuters. In addition, PTC is revising the fare formula to ensure that fares keep pace with changes in the public transport industry’s cost structure. This formula forms the basis for the PTC’s deliberation at each year’s fare review exercise, where the PTC grants fare adjustments. The fare formula review is typically done once every five years, and the 2017/2018 review was completed after a year-long consultation with commuters, operators and industry experts.