66Price determinations

66 Price determinations

(1)  The Regulator is to make price determinations that apply to a regulated entity in respect of a regulated service.

(2)  In making a price determination under subsection (1) , the Regulator must –

(a) adopt an approach and methodology which the Regulator considers will best meet the objective of this Act; and

(b) determine prices, terms and conditions, including developer charges, for water services and sewerage services in accordance with the pricing principles referred to in section 68 or any principles prescribed by regulations under that section; and

(c) consider any proposed price and service plan submitted under section 65 ; and

(d) consider any customer contract; and

(e) ensure that the price determination takes into account and clearly articulates any trade-offs between costs and service standards; and

(ea) [Section 66 Subsection (2) amended by No. 22 of 2011, s. 5, Applied:22 Jul 2011] not take into account a change in a rate, prescribed in a regulation for the purposes of section 68(1A)(c)(iv) , that comes into force at any time –

(i) after a regulated entity is required to submit to the Regulator a proposed price and service plan that may be approved by the Regulator after the price determination is made; and

(ii) before the price determination to which the proposed price and service plan relates is made; and

(f) have regard to any matters contained in the regulations.

(3)  Without limiting the generality of subsection (1) , a price determination made under this section may provide for one or more of the following:

(a) [Section 66 Subsection (3) amended by No. 23 of 2018, s. 13, Applied:10 Dec 2018] .  .  .  .  .  .  .  .