Queensland Numbered Acts Queensland Numbered ActsAfter section 90—
insert—
'(1) The Minister may delegate to QCA all or any of the Minister's functions under section 90(1).
'(2) The delegation may state the terms of reference of the price determination.
'(3) The terms of reference may specify the following—
(a) the period for which the price determination is to apply;
(b) the time frame within which QCA is to make and publish reports on the price determination;
(c) the particular policies or principles QCA is to consider when making the price determination;
(d) the matters QCA must consider when working out the notified prices and making the price determination;
Example—
the particular methodology to be used to determine the prices
(e) the consultation requirements QCA must comply with before making the price determination.
'(4) The terms of reference may—
(a) apply generally to all tariffs or be limited in its application by reference to specified exceptions or factors; or
(b) apply differently according to different factors of a specified kind.
'(1) This section applies if QCA is the pricing entity.
'(2) The pricing entity must, at least 1 month before the start of each tariff year—
(a) announce its final price determination; and
(b) publish the notified prices by gazette notice.
'(3) However, a failure to comply with subsection (1) does not invalidate or otherwise affect the price determination.
'(4) If the pricing entity has decided that GST or the net GST effect is excluded from the notified prices, the gazette notice must include a statement (a GST statement) as follows—
(a) that the notified prices exclude GST or the net GST effect;
(b) if the decision was that the net GST effect is excluded—the fixed amount of the effect or the way for working it out under section 90(6)(b).
'(5) The notified prices and any GST statement take effect—
(a) on a later day stated in the notice; or
(b) if no day is stated in the notice—on the day the notice is gazetted.'.