Hunter Valley rail network annual compliance assessment 2018

During the 2018 annual compliance assessment process, the ACCC requested that ARTC provide a reconciliation of total company-wide corporate overhead costs and allocations to the Hunter Valley Coal Network. When sourcing this information, ARTC identified an input error for its cost attribution to the Inland Rail network. The error resulted in an approximately $900,000 over allocation of overhead costs to the Hunter Valley Coal Network.

On 17 June 2021, ARTC resubmitted its 2018 compliance submission, Attachment 1 (Operating Costs) and the confidential financial model to correct this error. The resubmitted 2018 under recovery for the Constrained Network was approximately $700,000 lower than in the original submission. The resubmitted loss capitalisation balance for Pricing Zone 3 was approximately $200,000 lower than first submitted by ARTC.