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Part 2 Amendment of Energy (Renewable Transformation and Jobs) Act 2024
recovery of costs associated with the hub
transmission network for a regional energy hub
incurred by the transmission network service
provider or AEMO.
(2) The framework provides for the costs to be
recovered from the participants for the regional
energy hub in the first instance.
46 Amendment of s 69 (Definitions for division)
(1) Section 69, definitions establishment and operational costs
and REZ assessment costs—
omit.
(2) Section 69—
insert—
application fees and charges, in relation to the
hub transmission network for a regional energy
hub, means fees and charges stated in the
management plan for the hub under section
42(1)(b)(v)(B).
establishment and operational costs, for the hub
transmission network for a regional energy hub,
see section 69A.
47 Insertion of new s 69A
After section 69—
insert—
69A Meaning of establishment and operational
costs
(1) The establishment and operational costs, for the
hub transmission network for a regional energy
hub, are the costs reasonably and prudently
incurred by the transmission network service
provider for providing the transmission network.
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(2) For subsection (1)—
(a) it does not matter whether the costs are
incurred before or after the hub declaration
for the regional energy hub was made; and
(b) subject to paragraph (c), costs incurred by
the transmission network service provider
for any of the following matters are taken to
be incurred for providing the hub
transmission network—
(i) preparing a management plan in the
service provider’s capacity as a hub
design body;
(ii) constructing, maintaining and
operating the transmission network;
(iii) any other function under this part in
relation to the transmission network,
including a function performed in the
service provider’s capacity as a hub
design body; and
(c) costs incurred by the transmission network
service provider for performing functions
for which application fees and charges are
payable are taken not to be incurred for
providing the hub transmission network.
(3) Also, in this section, a reference to costs incurred
by the transmission network service provider is
taken to be a reference to any costs, expenses or
other financial outgoings incurred by the service
provider, including, for example—
(a) payments to investors to provide a return on
capital; and
(b) depreciation of assets; and
(c) government taxes, fees or charges; and
(d) fees for legal, financial, technical or other
expert advice.
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Section retrieval-0004 - Energy Roadmap Amendment Bill 2025 - Document excerpt 4 | Zoe
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Example of other expert advice—
advice from AEMO
48 Amendment of s 70 (Fees and charges for connection
and access to REZ transmission network)
(1) Section 70, heading, ‘REZ’—
omit, insert—
hub
(2) Section 70(1), ‘REZ transmission network for a REZ’—
omit, insert—
hub transmission network for a regional energy
hub
(3) Section 70(2)—
omit, insert—
(2) Fees and charges payable by a participant for
connection and access to the hub transmission
network do not include fees and charges for
matters for which application fees and charges are
payable.
(2A) The amount of the fees and charges—
(a) must include an amount representing the
participant’s contribution to AEMO’s costs
incurred for performing functions under this
Act, other than functions for which
application fees and charges are payable;
and
Example of a function for paragraph (a)—
a function of AEMO under a regulation under
section 55(2), other than a function for which
application fees and charges are payable
(b) may include an amount representing the
participant’s contribution to the
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establishment and operational costs for the
hub transmission network.
(4) Section 70(3), ‘REZ’—
omit, insert—
hub
(5) Section 70(2A) and (3)—
renumber as section 70(3) and (4).
(6) Section 70—
insert—
(5) Subsection (4) does not affect the application fees
and charges payable in relation to the hub
transmission network.
49 Amendment of s 71 (Responsible Ministers may allow
cost recovery through charges for prescribed
transmission services)
(1) Section 71(1), ‘REZ transmission network for a REZ’—
omit, insert—
hub transmission network for a regional energy
hub
(2) Section 71(1)(c)(ii), after ‘section 70’—
insert—
or otherwise
(3) Section 71—
insert—
(1A) The amount of the shortfall must be worked out
using—
(a) the present value of the establishment and
operational costs, taking into account any
inflation since any of the costs were
incurred; and
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Part 2 Amendment of Energy (Renewable Transformation and Jobs) Act 2024
(b) the present value of the fees and charges
paid by participants under section 70 or
otherwise, taking into account any inflation
since the fees and charges were paid; and
(c) the present value of the fees and charges that
will be payable by participants under section
70 or otherwise in the future, disregarding
any future inflation.
(4) Section 71(2), ‘and with’—
omit, insert—
and, if the Minister is not the Treasurer, with
(5) Section 71(3), after paragraph (a)—
insert—
(aa) if, under subsection (2), the amount of the
shortfall is worked out using the present
value of an amount mentioned in the
subsection—the way the present value is
worked out; and
(6) Section 71(3)—
insert—
(ba) how the amount mentioned in paragraph (a)
may be adjusted over the period mentioned
in paragraph (c) to allow for future inflation;
and
(7) Section 71(3)(aa) to (d)—
renumber as section 71(3)(b) to (f).
(8) Section 71(4), ‘subsection (2)’—
omit, insert—
subsection (3)
(9) Section 71(1A) to (4)—
renumber as section 71(2) to (5).
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Part 2 Amendment of Energy (Renewable Transformation and Jobs) Act 2024
50 Omission of pt 6, div 6, sdiv 3 (Costs associated with REZ
assessment)
Part 6, division 6, subdivision 3—
omit.
51 Replacement of pt 6, div 7, hdg (REZ delivery body)
Part 6, division 7, heading—
omit, insert—
Division 7 Hub design body
52 Amendment of s 75 (Appointment)
Section 75, ‘REZ delivery body’—
omit, insert—
hub design body
53 Amendment of s 76 (Functions)
(1) Section 76(1)—
omit, insert—
(1) The functions of a hub design body are—
(a) to identify parts of Queensland regions that
are suitable to be a regional energy hub and
make recommendations to the Minister for
the parts to be declared to be a regional
energy hub; and
(b) to assess parts of Queensland regions
identified in the system outlook as possibly
suitable to be a regional energy hub, and
decide whether to make recommendations
to the Minister for the parts to be declared to
be a regional energy hub; and
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(c) to develop a management plan in
accordance with division 3 for each part of a
Queensland region the hub design body
recommends to the Minister to be declared
to be a regional energy hub; and
(d) to perform any other function for this part
prescribed by regulation.
(2) Section 76(2) and (3), ‘REZ delivery body’—
omit, insert—
hub design body
54 Omission of s 81 (Minister must publish notice of REZ
delivery body’s decision not to recommend REZ
declaration)
Section 81—
omit.
55 Amendment of s 82 (Transmission network or part stops
being REZ transmission network or part)
(1) Section 82, heading, ‘REZ’—
omit, insert—
hub
(2) Section 82(1), ‘a REZ transmission network or a part of a
REZ transmission network for a REZ’—
omit, insert—
the hub transmission network or a part of the hub
transmission network for a regional energy hub
(3) Section 82(1)(a) to (c), ‘REZ’—
omit, insert—
hub
(4) Section 82(3)(a), from ‘network continues’—
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Part 2 Amendment of Energy (Renewable Transformation and Jobs) Act 2024
omit, insert—
network—
(i) continues to be an agreed standard of
performance determined in accordance with
the National Electricity Rules; and
(ii) if included in a connection agreement—is
taken to be a negotiated access standard for
the purposes of the National Electricity
Rules; and
56 Amendment of s 89 (Purposes of fund)
(1) Section 89(b), ‘optimal infrastructure pathway objectives’—
omit, insert—
strategic infrastructure path objectives
(2) Section 89(c)—
omit.
57 Amendment of s 90 (Payments from fund)
(1) Section 90(3)(d)—
omit.
(2) Section 90(3)(e)—
renumber as section 90(3)(d).
(3) Section 90(6), ‘and the council’—
omit.
58 Replacement of pt 8 (Queensland Energy System
Advisory Board)
Part 8—
omit, insert—
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Part 2 Amendment of Energy (Renewable Transformation and Jobs) Act 2024
Part 8 CopperString project
Division 1 Preliminary
93 Purpose of part
The purpose of this part is to facilitate and support
the delivery of the CopperString project by—
(a) identifying and declaring stages of the
project to which this part applies; and
(b) providing for financial matters associated
with a declared stage to enable the stage to
be delivered in an efficient and coordinated
way.
94 Definitions for part
In this part—
CopperString project see section 95.
declared stage, of the CopperString project,
means an identified stage of the project declared
to be a declared stage of the project under section
98.
forecast capital expenditure has the same
meaning as the term has in the National
Electricity Rules.
forecast operating expenditure has the same
meaning as the term has in the National
Electricity Rules.
identified stage, of the CopperString project,
means a stage of the project identified under
section 96.
proponent, for a stage of the CopperString
project, means the person who is or will be the
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transmission network service provider for the
stage.
stage, of the CopperString project, means a part of
the transmission network that is the subject of the
project.
95 What is the CopperString project
The CopperString project is the project known as
CopperString—
(a) involving the construction of a transmission
network, and associated infrastructure, to
connect Mount Isa to the national
transmission grid near Woodstock; and
(b) the delivery of which the State has agreed to
facilitate and support.
Division 2 Identification and
declaration of stage
96 Identifying stage suitable for declaration
(1) The responsible Ministers may identify a stage of
the CopperString project that may be suitable to
be a declared stage of the project.
(2) The Minister must publish on the department’s
website—
(a) notice of each identified stage of the
CopperString project; and
(b) details of the scope of the work involved in
the identified stage of which the responsible
Ministers are aware at the time the stage is
identified under subsection (1).
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Part 2 Amendment of Energy (Renewable Transformation and Jobs) Act 2024
97 Obtaining advice from appropriately qualified
person
(1) As soon as practicable after identifying a stage of
the CopperString project under section 96, the
responsible Ministers must obtain advice about
the following matters from an appropriately
qualified person—
(a) the efficient costs of each of the following
that may be incurred or expected to be
incurred by a person who is or will be the
transmission network service provider for
the identified stage—
(i) constructing the identified stage;
(ii) operating the identified stage for a
period, decided by the responsible
Ministers, of at least 5 years;
(b) the amount of forecast capital expenditure
and forecast operating expenditure for the
identified stage that would be consistent
with the efficient costs mentioned in
paragraph (a);
(c) any other matter the responsible Ministers
need advice about to make a declaration
under section 98.
(2) A request for advice under subsection (1) must
state the date by which the advice must be given
to the responsible Ministers.
(3) For the purpose of obtaining the advice, the
Minister or Treasurer may give the appropriately
qualified person any information held by the
Minister or Treasurer, including, for example,
information received under section 101.
Note—
See section 173 for the restriction on a person disclosing
or using information obtained under this section.
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Part 2 Amendment of Energy (Renewable Transformation and Jobs) Act 2024
98 Declaration of stage
(1) This section applies if, having regard to advice
obtained under section 97 about an identified
stage of the CopperString project, the responsible
Ministers—
(a) have identified the efficient costs of each of
the following that may be incurred by a
person in the proponent’s circumstances—
(i) constructing the identified stage;
(ii) operating the identified stage for a
period, decided by the responsible
Ministers, of at least 5 years; and
(b) are satisfied it is necessary and appropriate
to declare the stage to be a declared stage of
the CopperString project to achieve the
purpose of this part by enabling the stage to
be delivered in an efficient and coordinated
way.
(2) The Minister may, by notice, declare the
identified stage of the CopperString project to be
a declared stage of the project.
(3) The declaration must—
(a) identify—
(i) the proponent; and
(ii) the scope of the work involved in the
declared stage; and
(b) state the following amounts that are to be
used to make or amend a transmission
determination as mentioned in section
99(1)—
(i) the forecast capital expenditure for the
declared stage;
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Part 2 Amendment of Energy (Renewable Transformation and Jobs) Act 2024
(ii) the forecast operating expenditure for
the declared stage for the first 5 years
of operating the stage; and
(c) include any other matter prescribed by
regulation.
(4) The forecast capital expenditure or forecast
operating expenditure stated in the declaration
under subsection (3)(b) must be consistent with
the efficient costs of constructing and operating
the stage mentioned in subsection (1)(a).
(5) A notice under subsection (2) is subordinate
legislation.
Division 3 Financial matters
associated with declared
stage
99 Regulation-making power in relation to
financial matters associated with declared
stage
(1) The transmission determination, for the
proponent of a declared stage of the CopperString
project, that first applies to the stage must be—
(a) made in the way, and in accordance with the
requirements, prescribed by regulation; or
(b) if an existing transmission determination for
the proponent is to be amended to apply to
the stage—amended in the way, and in
accordance with the requirements,
prescribed by regulation.
(2) A regulation made under subsection (1) may
provide for matters to facilitate the making or
amendment of the transmission determination,
including, for example—
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