ACCC Final Determination - HVAU Annual Compliance 2017
On 25 September 2020, the ACCC released its final determination on ARTC's compliance for the 2017 calendar year.
Rail
Decision
On 19 June 2020, the ACCC issued a notice to extend the period of the 2008 Interstate Access Undertaking until 30 June 2021. This notice is in response to ARTC's 5 May 2020 application to extend the period for which the 2008 IAU is in operation.
ARTC Hunter Valley annual compliance
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.
Consultation paper
On 14 May 2020, the ACCC issued a consultation paper on ARTC's 2017 Annual Compliance documentation submitted on 23 April 2020. Submissions to this consultation paper were due by Friday 26 June 2020.
Consultation letter & submissions
On 11 May 2020, the ACCC sent a letter to stakeholders seeking comments on ARTC's proposal. Submissions were due by 26 May 2020.
Compliance submission
On 23 April 2020, ARTC submitted its Hunter Valley Coal Network Access Undertaking (HVAU) annual compliance documentation for the twelve month period from 1 January 2017 to 31 December 2017.
Annual compliance assessment 2017
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.
DORC valuation of the Interstate network
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.
Application
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.
Extension of the 2008 Interstate Access Undertaking (to 30 June 2021)
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.