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The Australian Rail Track Corporation has provided its indicative Constrained Coal Customer Unders and Overs Estimate and True-Up Test Audit report for 2021, ahead of its formal annual compliance submission (expected in late 2022).
The 2011 Hunter Valley Coal Network Access Undertaking (HVAU) requires the Australian Rail Track Corporation (ARTC) to send documents to the ACCC for an annual compliance assessment. As part of this assessment, we examine ARTC's operating costs, including overheads.
The 2011 Hunter Valley Coal Network Access Undertaking (HVAU) requires the Australian Rail Track Corporation (ARTC) to submit documentation to the ACCC for the purpose of an annual compliance assessment. The 2022 annual compliance assessment will be carried out in accordance with Schedule J of version 8 of the HVAU.
ARTC submitted its annual compliance documentation for calendar years 2019 and 2020 to the ACCC for assessment on 26 November 2021.
On 10 October 2022 the ACCC sent a letter to ARTC regarding the potential timing of assessing a replacement undertaking. On 19 December 2022 ARTC provided a letter to stakeholders outlining its intent to submit a new 2023 IAU and a further extension of the 2008 IAU in early 2023.
On 23 April 2020, the ACCC engaged GHD to conduct a Depreciated Optimised Replacement Cost (DORC) valuation of ARTC's Interstate network to determine the Regulated Asset Base (RAB).
On 10 August 2021, the ACCC released a final determination for the period 1 January to 31 December 2018. The ACCC's final determination is that ARTC's revised submission from 17 June 2021 is in accordance with all requirements under the HVAU. The submitted true-up test audit is also in accordance with HVAU requirements.
The 2011 Hunter Valley Coal Network Access Undertaking (2011 HVAU) requires the Australian Rail Track Corporation (ARTC) to submit documentation to the ACCC for the purposes of an annual compliance assessment.
Under section 2.2(b) of the 2008 Interstate Access Undertaking (IAU), ARTC must submit to the ACCC a written statement outlining whether or not it intends to submit a new undertaking to the ACCC for its consideration, no later than six months prior to the expiry of the 2008 IAU. ARTC’s 2008 IAU was due to expire on 30 June 2020.
The 2011 Hunter Valley Access Undertaking requires Australian Rail Track Corporation to submit documentation to the ACCC for the purposes of an annual compliance assessment.