Independent Competition and Regulatory Commission Act 1997

On and after the day when ACT distribution service pricing becomes regulated under the national electricity rules, no reference may be made under this Act for a price regulation investigation into that service.

However, a provision of a price direction for a matter related to ACT distribution service pricing that is in force on the day when prices for the service become regulated under the national electricity rules continues in force (subject to the direction) after that day until the jurisdictional regulator makes a direction about that matter.

No reference may be made under this Act for a price regulation investigation into ACT transmission service pricing.

In this section:

ACT distribution service means a distribution service within the meaning given by the national electricity rules for distribution networks (within the meaning of the rules) situated in the ACT.

ACT transmission service means a transmission service within the meaning given by the national electricity rules for transmission networks (within the meaning of the rules) situated in the ACT.

jurisdictional regulator means the commission in its capacity as jurisdictional regulator under the national electricity rules.

Note 1  The day when distribution service pricing will become regulated under the national electricity rules is fixed at 31 December 2000 (by the ACT derogation under the rules), but may be changed under the derogation.

Note 2  The day when transmission service pricing became regulated under the national electricity rules was fixed at 1 July 1999 (by the ACT derogation under the rules).