Regulatory projects

Title Industry Type Status
December 2020 variation of the 2011 Hunter Valley Coal Network Access Undertaking Rail Access undertaking Submissions due
13 January 2020

On 23 December 2020, the Australian Rail Track Corporation (ARTC) applied to the ACCC to vary its 2011 Hunter Valley Coal Network Access Undertaking. The proposed variation seeks to extend the Undertaking by five years, to 31 December 2026. Upon commencement, the proposed variation seeks to be treated as having taken effect as of 1 July 2021, six months prior to the current expiration date of 31 December 2021. The proposed variation seeks to change a number of provisions in the Undertaking that will result in lower prices for Access Holders.

ARTC letter to the ACCC - Intention to extend Interstate Access Undertaking Rail Access undertaking Ongoing

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 is due to expire on 30 June 2021.

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.

DORC valuation of the Interstate network Rail Update Ongoing
23 April 2020

On 23 April 2020, the ACCC engaged GHD Advisory to conduct the Depreciated Optimised Replacement Cost (DORC) valuation of Australian Rail Track Corporation's (ARTC) Regulated Asset Base (RAB) on the Interstate network.

ARTC letter to ACCC - Intention to extend Interstate Access Undertaking Rail Update Finalised
20 December 2019

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.

Annual compliance assessment 2016 Rail Compliance assessment Finalised
23 December 2019

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.

Proposed valuation for the Interstate network Rail Update Finalised
3 December 2019

On 23 August 2019, ARTC sent a letter to the ACCC seeking views on ARTC's proposal to revalue the Regulated Asset Base (RAB) on the Interstate network using the Depreciated Optimised Replacement Cost (DORC) methodology. ARTC stated it was seeking views on this proposal prior to formally submitting its replacement Interstate Access Undertaking application for ACCC assessment.

Extension of the 2008 Interstate Access Undertaking (to 30 June 2020) Rail Undertaking variation Accepted
26 September 2019

On 29 July 2019, ARTC submitted an application to vary its 2008 Interstate Access Undertaking to 30 June 2020.

Annual compliance assessment 2015 Rail Compliance assessment Finalised
5 April 2019

The 2011 Hunter Valley Access Undertaking (2011 HVAU) requires ARTC to submit documentation to the ACCC for the purposes of an annual compliance assessment.

January 2019 variation of the 2008 Interstate Access Undertaking Rail Undertaking variation Accepted
28 February 2019

On 29 January 2019 ARTC submitted an application to vary its 2008 Interstate Access Undertaking.

Interstate Rail Access Undertaking 2018 Rail Access undertaking Withdrawn
25 January 2019

On 2 March 2018, ARTC lodged a replacement undertaking for the interstate rail network. This undertaking is to replace ARTC's 2008 undertaking, which expires 31 August 2018. The access undertaking covers the terms and conditions of access for parties seeking to run trains on the mainline standard gauge rail track owned or leased by ARTC.

Extension of the 2008 Interstate Access Undertaking (to February 2019) Rail Undertaking variation Accepted
12 December 2018

On 16 November 2018 ARTC submitted an application to vary its 2008 Interstate Access Undertaking by two months until 28 February 2019.

On 20 November 2018 the ACCC sent a letter to stakeholders seeking comments on ARTC's proposal. Submissions were due by 4 December 2018.

On 12 December 2018, the ACCC consented to ARTC's application to vary its 2008 Interstate Access Undertaking to extend the term to 28 February 2019.

September 2018 variation of the 2011 Hunter Valley Access Undertaking Rail Access variation Accepted
29 November 2018

On 28 September 2018, ARTC applied to the ACCC to vary its 2011 Hunter Valley Acces

 

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