20Option to defer a price‑cap

20 Option to defer a price‑cap

(1) If, under this clause, Telstra elects wholly or partly to defer exercising the price‑cap (as varied in accordance with this Determination) for: (a) the first basket of services; or (b) the second basket of services; or (c) the third basket of services; or (d) the fourth basket of services; to the price‑cap period next following the price‑cap period in which the price‑cap would otherwise apply: (e) the price‑cap, or the part of the price‑cap, is taken to be so deferred for Telstra; and (f) the price‑cap for the relevant basket of services for the next following price‑cap period is taken to be varied by the unexercised amount of the price‑cap so deferred. (2) The election may be made if: (a) the price‑cap period to which the price‑cap would apply has ended; and (b) the value of the price movement of: (i) the first basket of services over the price‑cap period is not greater than the price‑cap plus 0.2 percentage points; or (ii) the second, third or fourth basket of services over the price‑cap period is not greater than the price‑cap plus 0.1 percentage points; and (c) the election is not in respect of a price‑cap that would otherwise apply for the first, second or third basket of services in the 2014/2015 financial year.

Note: The concept of the ‘fourth basket of services’ ceases to apply at the end of 30 June 2012. From that time, the price control arrangements for connections are dealt with through connection service products.

(3) For the avoidance of doubt, an election may not be made for any connection service product referred to in column 2 of the table at Schedule 3 for the 2012/2013 financial year, or any subsequent price‑cap period.