49ACCC to approve or determine the infrastructure charges

49 ACCC to approve or determine the infrastructure charges

(1) The ACCC, after considering submissions received before the date specified in the notice published under paragraph 48 (b), subject to subrule (2), must approve or determine the infrastructure charges set out in the application under this Part. (2) The ACCC must not approve infrastructure charges set out in an application under this Part that include a return on investment unless the ACCC is satisfied that the return is commensurate with the commercial risks involved. (3) If the ACCC is not satisfied as to the matters referred to in subrule (2), the ACCC must determine such changes to the infrastructure charges as will enable the ACCC to be satisfied as to the matters referred to in that subrule. (4) In approving or determining infrastructure charges set out in an application under this Part, the ACCC may have regard to whether or not the infrastructure charges would contribute to achieving the Basin water charging objectives and principles set out in Schedule 2 of the Act.