Northern Territory Consolidated Regulations Northern Territory Consolidated Regulations(1) For clause 6.6.1(a1)(1AB) of the National Electricity (NT) Rules, a NT transitional regulatory change event is the sum of the changes in relevant obligations that occur between 1 July 2017 and 30 June 2019 if those changes, taken as a sum:
(a) substantially affect the manner in which a Network Service Provider provides direct control services; and
(b) result in a material increase or material decrease in the costs of providing those services.
(2) For regulation 10A(1)(b), a material increase or material decrease in the costs of providing direct control services occurs if the change in costs (as opposed to the revenue impact) incurred, or likely to be incurred, by a Network Service Provider in any regulatory year of the 1st regulatory control period exceeds 1% of the annual revenue requirement for the Network Service Provider for that regulatory year .
(3) In this regulation:
"direct control service" means a distribution service or transmission service that is a direct control network service.
"relevant obligation" means a regulatory obligation or requirement, other than an obligation or requirement:
(a) in an Act or instrument that was enacted or made on or before 1 July 2017 (even if the obligation or requirement commences after 1 July 2017); or
(b) arising from any repeal, amendment, variation or modification to the National Electricity Law, National Electricity Regulations or National Electricity Rules except as made by or under the Act; or
(c) that the AER has considered or accounted for in a distribution determination for the 1st regulatory control period .
(4) An expression used in this regulation that is italicised has the same meaning as it has in the National Electricity (NT) Rules.
(5) For subregulation (3), definition "relevant obligation", the reference in section 2D of the National Electricity (NT) Law, definition regulatory obligation or requirement , subsection (1)(b)(v) to "materially affects" must be regarded as a reference to "affects".