64Order setting requirements for modifications and variations to certain instruments

64 Order setting requirements for modifications and variations to certain instruments (1) The Governor in Council, by Order published in the Government Gazette, for the purposes of giving effect to Subdivision 3, may do any one or more of the following— (a) declare whether the 2018 rate of return instrument or the 2022 rate of return instrument applies to an applicable access arrangement extension period for an applicable 2018–2022 access arrangement (the ***declared rate of return instrument***); (b) modify the application of the declared rate of return instrument as it applies to the making of an AER economic regulatory decision relating to an applicable access arrangement extension period for an applicable (c) set out principles with which variations made to an applicable 2018–2022 access arrangement under section 69 must conform; (d) set out objectives which must be met by variations made to an applicable 2018–2022 access arrangement under section 69; (e) specify particular variations which must, or must not, be made to an applicable 2018–2022 access arrangement under section 69; (f) specify matters as matters to which an applicable 2023–2027 access arrangement must, or must not, apply. (2) Without limiting subsection (1), an Order under that subsection may relate to and of the following— (a) the review submission date contained in an applicable 2018–2022 access arrangement; (b) a reference tariff variation mechanism included in an applicable 2018–2022 access arrangement; (c) an incentive mechanism included in an applicable 2018–2022 access arrangement; (d) any fixed principles included in an applicable 2018–2022 access arrangement; (e) reference tariffs specified in an applicable 2018–2022 access arrangement, including their approval; (f) reference tariffs that are to apply during— (g) revenues to be derived from the provision of pipeline services during— (h) costs and expenditure to be incurred in the provision of pipeline services during— (i) any efficient costs that a Victorian distributor incurs as a direct result of the enactment of Subdivision 3 and how those costs may be recovered under— (i) an applicable 2018–2022 access arrangement; (ii) an applicable 2023–2027 access arrangement. S. 65