The factors in s 2.24(a)-(g) of the National Third Party Access Code are mandatory considerations that must be given weight as fundamental elements in the Regulator's assessment of the entire proposed Access Arrangement, including compliance with ss 3.1-3.20 and the principles in s 8. Section 8 is not a self-contained code immune from s 2.24. The word 'efficient' in s 8.1(a) bears its ordinary meaning and does not import the technical economic concept of 'economic efficiency'. The actual purchase price paid for a pipeline is a matter the Regulator may properly take into account in establishing the initial Capital Base under ss 8.10 and 8.11.
The full text is available to signed-in members, including the 33 later cases that cite this judgment.
3 of the 33 citing cases carry a classified treatment. How each court treated it is available to signed-in members.