37Regulator to take into account principles

37 Regulator to take into account principles

37 Regulator to take into account principles

(1) In exercising functions under this Division, the regulator is to take into account the following principles—

(a) a network operator is entitled to recover the prudent, efficient and reasonable costs incurred by the network operator for carrying out the infrastructure project,

(b) incentives should be given to network operators to promote economic efficiency,

(c) a network operator is entitled to revenue for the ongoing ownership, control or operation of an infrastructure project that is commensurate with the regulatory and commercial risks to the network operator,

(d) a network operator is entitled to be informed of material issues being considered by the regulator under this Division,

(e) other principles prescribed by the regulations.

(2) (Repealed)

(3) The regulations may make further provision for or with respect to the principles in subsection (1).

s 37: Am 2025 No 44, Sch 1[12] [13].