41Approval of standing offer prices

41 Approval of standing offer prices

[Section 41 Substituted by No. 9 of 2012, s. 17, Applied:01 Jul 2012]

(1AA)  [Section 41 Subsection (1AA) inserted by No. 24 of 2018, s. 5, Applied:16 Nov 2018] In this section –

applicable financial year means –

(a) the 2018-2019 financial year; or

(b) the 2019-2020 financial year; or

(c) the 2020-2021 financial year;

CPI figure for Hobart means the Consumer Price Index (All Groups) Number for Hobart published by the Australian Statistician under the authority of the Census and Statistics Act 1905 of the Commonwealth;

CPI percentage change, for an applicable financial year, means the percentage change between –

(a) the CPI figure for Hobart for the December quarter of the previous financial year; and

(b) the CPI figure for Hobart for the December quarter of the financial year before the previous financial year.

(1)  [Section 41 Subsection (1) amended by No. 5 of 2013, s. 14, Applied:01 Jun 2013] [Section 41 Subsection (1) amended by No. 5 of 2013, s. 14, Applied:01 Jun 2013] A standing offer price may not be fixed under section 40(1) , and an amendment of a standing offer price may not be made under section 40(4) , unless –

(a) [Section 41 Subsection (1) amended by No. 5 of 2013, s. 14, Applied:01 Jun 2013] a draft of the standing offer price, or a draft amendment of the standing offer price, has been approved by the Regulator under subsection (3) ; and