30A

Definitions

Current

In this Division—

consumer reference group, for making a rate of return instrument, see section 30H(1)(a);

explanatory information, for a rate of return instrument, means information about the content of the instrument, including (but not limited to) information explaining—

(a)

the reasons for the rate of return on capital or the value of imputation credits under the instrument; and

(b)

how the stated value, or the way to calculate the rate or value, was decided; and

(c)

if the instrument replaces another instrument—

(i)

the differences (if any) between the instrument and the replaced instrument; and

(ii)

the reasons for any differences; and

(d)

why the AER is satisfied the instrument will, or is most likely to, contribute to the achievement of the national gas objective to the greatest degree; and

(e)

how the AER had regard to the following in making the instrument:

(i)

the revenue and pricing principles;

(ii)

the matters mentioned in section 30G;

(iii)

estimation methods, financial models, market data and other evidence relevant to making the instrument;

(iv)

prevailing conditions in the market for equity funds;

(v)

the interrelationships between financial parameters used, or to be used, in relation to deciding the rate or value.

This Act’s bill:Second reading speech

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