67BAlterations, to pricing arrangements, related to effect of COVID-19

67B Alterations, to pricing arrangements, related to effect of COVID-19

[Section 67B Inserted by No. 42 of 2020, s. 7, Applied:27 Nov 2020]

(1)  In this section –

Price and Service Plan 3 means the price and service plan entitled Price and Service Plan 3, submitted to the Regulator by TasWater and approved on 25 June 2018 by the Regulator under section 65(5) ;

2018 price determination means the price determination entitled Water and Sewerage Services Price Determination 1 July 2018-30 June 2021, made by the Regulator on 4 May 2018.

(2)  Despite any regulatory period declared by the Regulator under section 65(13)  –

(a) the third regulatory period for the purposes of this Act ends on 30 June 2022; and

(b) the fourth regulatory period for the purposes of this Act is the period beginning on 1 July 2022 and ending on 30 June 2026.

(3)  The 2018 price determination is amended as follows:

(a) the title of the determination is amended by omitting “30 June 2021” and substituting “30 June 2022”;

(b) clause 1 of the determination is amended by omitting “30 June 2021” and substituting “30 June 2022”;

(c) clause 4 of the determination is amended by omitting “30 June 2021” from the definition of “Regulatory period” and substituting “30 June 2022”;

(d) clause 6 of the determination is amended in paragraph (a) by inserting “, until 30 June 2021,” after “Schedule 1 and”;

(e) each of the headings to the tables in Schedule 1 to the determination is amended by inserting, after “2020-21”, wherever occurring, “and 2021-22”;

(f) Schedule 3 to the determination is amended by inserting “but with no increase in the 2021-22 financial year” after “2020-21 financial years”.

(4)  Despite any provision of Price and Service Plan 3, any provision of that plan that applies in relation to the 2020-21 financial year also applies to the 2021-22 financial year.