Deregulation is being considered as a solution for the private bus industry in Queensland. The paper examines the current state of the industry and the debate around deregulation. It suggests that while some operators support regulation for stability and customer confidence, the least regulated sector of the industry is a major concern. The paper explores two options for regulatory change, each with its own strengths and weaknesses. Regardless of the outcome of the deregulation debate, there is a need for operator education and self-regulation before any changes are made.