Note for the avoidance of doubt, in making a determination on a Terrorism Event, the Regulator will have regard to, amongst other things: (c) whether the Service Provider has insurance against the event; (d) the level of insurance that an efficient and prudent service provider would obtain in respect of the event; and (e) whether a declaration has been made by a relevant government authority that an act of terrorism has occurred. Part B Reference – Tariff and Reference Tariff Policy […] In the case of the following all Relevant Pass Through Events: a) Change in Taxes Event; b) Major Upstream Failure Event; ; c) Insurer Credit Risk Event; d) Insurance Cap Event; Clause 8 e) Regulatory Change Event; f) Service Standard Change Event; g) Terrorism Event; and h) Disaster Event, the relevant definitions require there is required to be a Material increase or decrease in costs as a pre-condition to there being a Relevant Pass-Through Event.
Note for the avoidance of doubt, in making a determination on a Terrorism Event, the Regulator will have regard to, amongst other things: (c) whether the Service Provider has insurance against the event; (d) the level of insurance that an efficient and prudent service provider would obtain in respect of the event; and (e) whether a declaration has been made by a relevant government authority that an act of terrorism has occurred. Part B – Reference Tariff and Reference Tariff Policy Clause 8 […] In the case of the following all Relevant Pass Through Events: a) Change in Taxes Event; b) Major Upstream Failure Event; ; c) Insurer Credit Risk Event; d) Insurance Cap Event; e) Regulatory Change Event; f) Service Standard Change Event; g) Terrorism Event; and h) Disaster Event, the relevant definitions require there is required to be a Material increase or decrease in costs as a pre-condition to there being a Relevant Pass-Through Event.
AER%20-%20Draft%20decision%20-%20Multinet%20Gas%20access%20arrangement%202018-22%20-%20Attachment%2011%20-%20Reference%20tariff%20variation%20mechanism.DOCX