23Reconciliation of price‑cap for a basket of services

23 Reconciliation of price‑cap for a basket of services

(1) If: (a) the value of the price movement of: (i) the first basket of services; or (ii) the second basket of services; or (iii) the third basket of services; or (iv) the fourth basket of services; over a price‑cap period is greater than the price‑cap (as varied in accordance with this Determination) for the relevant basket in the price‑cap period; and (b) the difference between the value of the price movement and the price‑cap is greater than any part of the price‑cap that Telstra has elected to defer exercising under clause 20; the price‑cap for the relevant basket in the next following price‑cap period is taken to be varied by the unexercised amount of the first‑mentioned price‑cap. (2) If: (a) the value of the price movement of the first basket of services over the 2014/2015 financial year is greater than the price‑cap for that financial year (as varied in accordance with this Determination) for the relevant basket plus 0.2 percentage points; and (b) clauses 11, 12 and 13 continue to apply in the 2015/2016 financial year in accordance with clause 30 as if this Determination had not expired; the price‑cap for the relevant basket in the 2015/2016 financial year is taken to be varied by the unexercised amount of the price‑cap for the 2014/2015 financial year. (3) If: (a) the value of the price movement of the second or third basket of services over the 2014/2015 financial year is greater than the price‑cap for that financial year (as varied in accordance with this Determination) for the relevant basket plus 0.1 percentage points; and (b) clauses 11, 12 and 13 continue to apply in the 2015/2016 financial year in accordance with clause 30 as if this Determination had not expired; the price‑cap for the relevant basket in the 2015/2016 financial year is taken to be varied by the unexercised amount of the price‑cap for the 2014/2015 financial year.

Note: There is no applicable price‑cap variation under clause 23 for each component connection service product referred to in column 2 of the table at Schedule 3 for the 2012/2013 financial year or any subsequent financial year.