Regulatory projects

Title Industry Type Status
Extension of the 2008 Interstate Access Undertaking (to 30 June 2024) Rail Undertaking variation Submissions due

On 21 February 2023 ARTC submitted an application to extend the term of its 2008 Interstate Access Undertaking to 30 June 2024. This is a 12-month extension from the existing expiration date of 30 June 2023. The extension is to allow for consultation with ARTC’s stakeholders on its replacement undertaking and to provide the ACCC with sufficient time to complete its assessment.

Benchmarking of ARTC's Hunter Valley rail network overhead costs Rail Compliance assessment Under assessment

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.

Hunter Valley rail network annual compliance assessment 2019 and 2020 Rail Compliance assessment Finalised
16 December 2022

ARTC submitted its annual compliance documentation for calendar years 2019 and 2020 to the ACCC for assessment on 26 November 2021.

Timing of a new Interstate Access Undertaking Rail Update Finalised
19 December 2022

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.

The regulatory framework for ARTC's Interstate network Rail Review Finalised
25 August 2021

The ACCC is reviewing the regulatory framework for ARTC's Interstate network.

Hunter Valley rail network annual compliance assessment 2021 Rail Compliance assessment Ongoing

ARTC 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).

DORC valuation of the Interstate network Rail Update Finalised
21 October 2021

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).

Hunter Valley rail network annual compliance assessment 2018 Rail Compliance assessment Finalised
10 August 2021

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.

Extension of the 2008 Interstate Access Undertaking (to 30 June 2023) Rail Access variation Accepted
15 June 2021

On 23 April 2021, ARTC submitted an application to extend the term of its 2008 Interstate Access Undertaking to 30 June 2023.

March 2021 variation of the 2011 Hunter Valley Coal Network Access Undertaking Rail Access variation Finalised
2 June 2021

On 30 March 2021, the Australian Rail Track Corporation (ARTC) submitted a new variation application for the current Hunter Valley Coal Network Access Undertaking. The ACCC published its Final Decision to consent to ARTC's 30 March variation application on 2 June 2021.

December 2020 variation of the 2011 Hunter Valley Coal Network Access Undertaking Rail Access undertaking Withdrawn
30 March 2021

On 23 December 2020, the Australian Rail Track Corporation (ARTC) applied to the ACCC to vary the Hunter Valley Coal Network Access Undertaking. On 30 March 2021, ARTC withdrew its 23 December 2020 variation application and submitted a new variation application.

ARTC letter to the ACCC - Intention to extend Interstate Access Undertaking Rail Access undertaking Finalised
18 December 2020

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.

Hunter Valley rail network annual compliance assessment 2017 Rail Compliance assessment Finalised
25 September 2020

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.

Extension of the 2008 Interstate Access Undertaking (to 30 June 2021) Rail Access variation Accepted
19 June 2020

On 5 May 2020, ARTC submitted an application to vary its 2008 Interstate Access Undertaking. The variation sought to extend the term of the undertaking to 30 June 2021.

 

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