54BCost recovery declaration

54B Cost recovery declaration

54B Cost recovery declaration

(1) The Minister may make a declaration (a cost recovery declaration) that an eligible network operator is entitled to receive a cost recovery amount in relation to specified network infrastructure.

(2) On the commencement of the declaration—

(a) the scheme financial vehicle ceases to be required to pay the eligible network operator for the network infrastructure in accordance with a revenue determination by the regulator, and

(b) the regulator ceases to be required to make revenue determinations, or to review or remake revenue determinations, in relation to the network infrastructure, and

(c) the eligible network operator is entitled to receive a cost recovery amount for the network infrastructure.

(3) In this clause—

cost recovery amount, for network infrastructure, means an amount under the National Electricity (NSW) Law that the network operator is entitled to receive for carrying out the network infrastructure project under the authorisation to which the network operator is subject.

cl 54B: Ins 2022 (786), Sch 1[2].