65Price and service plan

65 Price and service plan

(1)  The Regulator must, by notice given to a regulated entity, require the regulated entity to submit a proposed price and service plan for regulated services to the Regulator for approval by not later than the date specified in the notice.

(2)  A regulated entity must submit a proposed price and service plan to the Regulator by the date specified in the notice given to the regulated entity under subsection (1) .

Penalty:  Fine not exceeding 1 000 penalty units.

(3)  The proposed price and service plan submitted under subsection (1) must include –

(a) proposed regulated services to be provided to customers; and

(b) any customer contract; and

(c) standards and conditions of service which are in compliance with the customer service code; and

(d) [Section 65 Subsection (3) amended by No. 51 of 2008, s. 8, Applied:01 Jul 2009] proposed prices for each regulated service; and

(e) [Section 65 Subsection (3) amended by No. 51 of 2008, s. 8, Applied:01 Jul 2009] any other matter required under this Act.

(4)  The proposed price and service plan submitted under subsection (1) may include –

(a) proposed annual revenue requirements; and

(b) projected capital and operational expenses; and

(c) supply and demand forecasts; and

(d) such other matters as required by the Regulator in guidelines issued under subsection (7) .

(5)  The Regulator must approve a proposed price and service plan for a regulated entity if the Regulator is satisfied that the proposed price and service plan fulfils the requirements for a price and service plan as set out in guidelines issued under subsection (7) and any relevant price determination under .