47ARegulator’s guidelines about non-contestable revenue determinations—the Act, s 38(10)

47A Regulator’s guidelines about non-contestable revenue determinations—the Act, s 38(10)

47A Regulator’s guidelines about non-contestable revenue determinations—the Act, s 38(10)

(1) This clause applies to regulator’s guidelines for non-contestable revenue determinations.

(2) The regulator must make a non-contestable revenue determination in accordance with the regulator’s guidelines for non-contestable revenue determinations.

(3) The regulator must—

(a) ensure the regulator’s guidelines set out how a non-contestable revenue determination will be made by the regulator, including how the regulator will make a determination under clause 47E(4) for a contestable augmentation, and

(b) as far as is reasonably practicable, make the regulator’s guidelines consistent with the National Electricity Rules, Chapter 6A as that Chapter applies to the AER making a transmission determination.

(4) The regulator’s guidelines for non-contestable revenue determinations must deal with matters set out in the National Electricity Rules, Chapter 6A, including the following—

(a) the building blocks approach,

(b) the regulatory asset base,

(c) return on capital,

(d) depreciation,

(e) the estimated cost of corporate income tax,

(f) forecast operating expenditure,

(g) forecast capital expenditure,

(h) reopening of a revenue determination for capital expenditure,

(i) network support pass through,

(j) cost pass through,

(k) shared assets.

(5) The regulator’s guidelines for non-contestable revenue determinations must not deal with the following matters under the National Electricity Rules, Chapter 6A—

(a) pricing,

(b) benchmarking reports,

(c), (d) (Repealed)