(c1) The formulae that give effect to the control mechanisms referred to in paragraph (c) must be as set out in the relevant framework and approach unless the considers that unforeseen circumstances justify paper AER departing from the formulae as set out in that paper. (d) The must approve the for a AER total revenue requirement Distribution for a and the Network Service Provider regulatory control period, annual for each of the revenue requirement regulatory year regulatory control as set out in the current period, Distribution Network Service Provider's if the is satisfied that those amounts have building block proposal, AER been properly calculated using the on the basis of post-tax revenue model amounts calculated, determined or forecast in accordance with the requirements of Part C of this Chapter 6. (e) The must approve a proposed if the proposed AER regulatory control period period consists of 5 regulatory years. (f) [Deleted] (g) The must approve a proposed if the is AER negotiating framework AER satisfied that it adequately complies with the requirements of Part D. (h) If the refuses to approve the proposed the AER negotiating framework, approved amended must be: negotiating framework (1) determined on the basis of the current proposed negotiating and framework; (2) amended from that basis only to the extent necessary to enable it to be approved in accordance with the Rules. (i) The must approve the proposed if the is AER connection policy AER satisfied that it adequately complies with the requirements of Part DA. (j) If the refuses to approve the proposed the approved AER connection policy, amended must be: connection policy (1) determined on the basis of the current proposed and connection policy; (2) amended from that basis only to the extent necessary to it to be enable approved in accordance with the Rules. 6.13 Revocation and substitution of distribution determination for wrong information or error (a) The may (but is not required to) revoke a distribution determination AER during a if it appears to the that the regulatory control period AER distribution determination is affected by a material error or deficiency of one or more of the following kinds: (1) a clerical mistake or an accidental slip or omission; (2) a miscalculation or misdescription; (3) a defect in form; or
(c1) The formulae that give effect to the control mechanisms referred to in paragraph (c) must be as set out in the relevant framework and approach paper unless the AER considers that unforeseen circumstances justify departing from the formulae as set out in that paper. (d) The AER must approve the total revenue requirement for a Distribution Network Service Provider for a regulatory control period, and the annual revenue requirement for each regulatory year of the regulatory control period, as set out in the Distribution Network Service Provider's current building block proposal, if the AER is satisfied that those amounts have been properly calculated using the post-tax revenue model on the basis of amounts calculated, determined or forecast in accordance with the requirements of Part C of this Chapter 6. (e) The AER must approve a proposed regulatory control period if the proposed period consists of 5 regulatory years. (f) [Deleted] (g) The AER must approve a proposed negotiating framework if the AER is satisfied that it adequately complies with the requirements of Part D. (h) If the AER refuses to approve the proposed negotiating framework, the approved amended negotiating framework must be: (1) determined on the basis of the current proposed negotiating framework; and (2) amended from that basis only to the extent necessary to enable it to be approved in accordance with the Rules. (i) The AER must approve the proposed connection policy if the AER is satisfied that it adequately complies with the requirements of Part DA. (j) If the AER refuses to approve the proposed connection policy, the approved amended connection policy must be: (1) determined on the basis of the current proposed connection policy; and (2) amended from that basis only to the extent necessary to enable it to be approved in accordance with the Rules. 6.13 Revocation and substitution of distribution determination for wrong information or error (a) The AER may (but is not required to) revoke a distribution determination during a regulatory control period if it appears to the AER that the distribution determination is affected by a material error or deficiency of one or more of the following kinds: (1) a clerical mistake or an accidental slip or omission; (2) a miscalculation or misdescription; (3) a defect in form; or
Distribution-Pricing-Principles-Draft-Rule1.docx