ACCC rules in favour of nbn Co’s 2014-15 revenue controls

Issues final determination on nbn Co’s revenue controls

The Australian Competition and Consumer Commission (ACCC) has issued a final determination on nbn Co’s revenue controls for 2014-15, determining that its prices did not exceed maximum regulated prices during the 2014-15 financial year.

The final determination follows the ACCC’s draft determination that was released in March, which proposed to accept nbn Co’s proposal.

As part of the Schedule 1E.1.2 of the Special Access Undertaking (SAU) - a key component of the regulatory framework for the nbn - the ACCC needs to publish an annual Long Term Revenue Constraint Methodology (LTRCM) determination in respect of the Annual Building Block Revenue Requirement (ABBRR), the Regulatory Asset Base (RAB) and the Initial Cost Recovery Account (ICRA) for the initial regulatory period.

In making its determination, the ACCC is required to assess whether nbn Co complies with the relevant criteria, including prudency criteria, set out in the SAU.

The regulatory information submitted by nbn Co includes information about its compliance with the price controls set out in the SAU, including forecasts on its capital expenditure, operational expenditure, and asset disposals models.

ACCC commissioner, Cristina Cifuentes, said the purpose of the revenue controls is to ensure nbn Co has the opportunity to recover its long-term costs over the duration of the SAU and those costs are incurred in a prudent and efficient manner.

“The ACCC is satisfied that the values proposed by nbn Co for 2014-15 for determining allowable revenues for 2014-15 are consistent with the revenue control provisions in the SAU,” Cifuentes said.

The ACCC has also finalised an amendment to the 2013-14 determination to correct a minor error in nbn Co’s submission for that year.

nbn Co is expected to submit its LTRCM proposal on October 30.

Join the newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags NBNnbn coTelecommunicationsacccSAU

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.
Hafizah Osman
Show Comments

Cool Tech

SanDisk MicroSDXC™ for Nintendo® Switch™

Learn more >

Breitling Superocean Heritage Chronographe 44

Learn more >

Toys for Boys

Family Friendly

Panasonic 4K UHD Blu-Ray Player and Full HD Recorder with Netflix - UBT1GL-K

Learn more >

Stocking Stuffer

Razer DeathAdder Expert Ergonomic Gaming Mouse

Learn more >

Christmas Gift Guide

Click for more ›

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Ratchada Dunn

Sharp PN-40TC1 Huddle Board

The Huddle Board’s built in program; Sharp Touch Viewing software allows us to easily manipulate and edit our documents (jpegs and PDFs) all at the same time on the dashboard.

George Khoury

Sharp PN-40TC1 Huddle Board

The biggest perks for me would be that it comes with easy to use and comprehensive programs that make the collaboration process a whole lot more intuitive and organic

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?