sec.28Primary PTI allowance direction—first period

sec.28 Primary PTI allowance direction—first period

If, when the primary PTI allowance direction is given, Powerlink has not given AER its revenue proposal for the first period, the direction may require Powerlink to— include in the forecast capital expenditure stated in its revenue proposal for the first period the forecast capital expenditure the responsible Ministers are satisfied is required in relation to the priority transmission investment in the first period (the directed forecast capital expenditure ); and include in the forecast operating expenditure stated in its revenue proposal for the first period the forecast operating expenditure the responsible Ministers are satisfied is required to operate the priority transmission investment in the first period (the directed forecast operating expenditure ). If, when the primary PTI allowance direction is given, Powerlink has already given the AER its revenue proposal for the first period, the direction may require Powerlink to give the AER a revised revenue proposal and include in its revised revenue proposal the matters mentioned in subsection (1) . Powerlink must comply with a requirement mentioned in subsection (1) or (2) included in a primary PTI allowance direction— whether or not the directed forecast capital expenditure meets the capital expenditure objectives; and whether or not the directed forecast operating expenditure meets the operating expenditure objectives. The primary PTI allowance direction may include a requirement mentioned in subsection (2) only if, when the direction is given, Powerlink has not previously given the AER a revised revenue proposal. s 28 ins 2024 SL No. 105 s 6 (sec.28-ssec.1) If, when the primary PTI allowance direction is given, Powerlink has not given AER its revenue proposal for the first period, the direction may require Powerlink to— include in the forecast capital expenditure stated in its revenue proposal for the first period the forecast capital expenditure the responsible Ministers are satisfied is required in relation to the priority transmission investment in the first period (the directed forecast capital expenditure ); and include in the forecast operating expenditure stated in its revenue proposal for the first period the forecast operating expenditure the responsible Ministers are satisfied is required to operate the priority transmission investment in the first period (the directed forecast operating expenditure ). (sec.28-ssec.2) If, when the primary PTI allowance direction is given, Powerlink has already given the AER its revenue proposal for the first period, the direction may require Powerlink to give the AER a revised revenue proposal and include in its revised revenue proposal the matters mentioned in subsection (1) . (sec.28-ssec.3) Powerlink must comply with a requirement mentioned in subsection (1) or (2) included in a primary PTI allowance direction— whether or not the directed forecast capital expenditure meets the capital expenditure objectives; and whether or not the directed forecast operating expenditure meets the operating expenditure objectives. (sec.28-ssec.4) The primary PTI allowance direction may include a requirement mentioned in subsection (2) only if, when the direction is given, Powerlink has not previously given the AER a revised revenue proposal.