On 15 March 2016, the ACCC published an LTRCM Draft Determination for the 2014-15 financial year, in accordance with Schedule 1E.1.2 of the SAU.
The ACCC’s draft decision is that the regulatory information submitted by NBN Co under Schedule 1F of the SAU for the 2014-15 financial year satisfies the requirements set out in the SAU. The ACCC proposes to accept NBN Co’s proposed values (and inputs to the values) for the Annual Building Block Revenue Requirement (ABBRR), Regulatory Asset Base and the Initial Cost Recovery Account (ICRA).
In its 2014-15 LTRCM submission, NBN Co also requested an amendment to the ACCC’s 2013-14 LTRCM Determination to correct for an inadvertent omission in NBN Co’s regulatory information. The amendment would result in an adjustment to the ABBRR and ICRA values in the 2013-14 LTRCM Determination, and would subsequently impact the values in the ACCC 2014-15 LTRCM Determination. The ACCC will consider NBN Co’s proposed amendment as part this LTRCM consultation process. The ACCC is of the preliminary view that it will accept NBN Co’s proposed amendment for the reasons discussed in the report.
The ACCC invites interested parties to make submissions on this draft determination and the ACCC’s preliminary view to accept NBN Co’s proposed amendment to the 2013-14 LTRCM Determination. Submissions are due on Friday 15 April.