In June 2003 the Minister for Communications, Information Technology and the Arts directed the ACCC to implement an enhanced form of accounting separation of Telstra’s wholesale and retail accounts. The ministerial direction (on the DCITA website), issued under Division 6 of Part XIB of the Trade Practices Act, builds on the work that the ACCC started in developing the regulatory accounting framework (RAF) by introducing:
current cost accounting (CCA), as well as the historical costs already used in the RAF
key performance indicators on non-price terms and conditions that compare service performance between retail and wholesale supplied services
imputation testing of core telecommunications services supplied to access seekers.
The direction provided for initial reports and subsequent reports, recognising that the initial reports were likely to rely on more limited data availability than subsequent reports.
