24CConsent variations

24C Consent variations (1) A referring authority for a regulated service, or a utility providing a regulated service, may apply in writing to the commission for consent to a variation of a price direction in force for the service. (2) The commission may consent to the variation applied for by giving the applicant a written report (a consent report) to that effect. (3) The commission may consent to a variation only if satisfied on reasonable grounds that the variation is— (a) justified, having regard to the criteria listed at section 20 (2); and (b) in accordance with the current reset principles for the regulated (4) However, in deciding whether to consent to a variation, the commission must allow a declared fee to be passed on in full to consumers of the service. (5) The commission may not consent to a variation of a direction with the effect of— (a) varying, omitting or replacing the current reset principles for the regulated service, or any future reset principles included in the direction; or (b) including any future reset principles into the price direction. (6) The following sections apply to a consent report as if it were the final report into a price regulation investigation:

Variation of price directions Part 4B Nonconsent variations Division 4B.2 (7) When presented to the Legislative Assembly under section 24, a consent report has the effect of varying the provisions of the price direction as indicated in the report with effect from— (a) a day (or days) ascertained in accordance with the report; or (b) if a day is not ascertained in accordance with the report— 14 days after the day the report is presented to the Legislative