20APrice regulation provisions

20A Price regulation provisions (1) A price direction must include a direction about the pricing of regulated services in the form of either or both of the following: (a) a price, a maximum price or both a minimum and maximum price for each regulated service; (b) a maximum total amount (revenue cap) that may be earned by a person providing regulated services from the provision of those services. (2) A price direction must be made in accordance with the current reset principles for the regulated industry (see section 20B). (3) A price direction may include any or all of the following: (a) a formula for calculating a price or amount mentioned in subsection (1); (b) a method by which a price or amount mentioned in subsection (1) is to be ascertained; (c) a reference to an event or events (price variation triggers) the happening of which would entitle the commission to initiate a reference for an investigation into a variation of the direction (under section 24F (Commission-initiated variation)). Example for par (c)—method by reference to price indices