Victorian Current Acts Victorian Current Acts(1) This section applies despite anything to the contrary in—
(a) the National Gas (Victoria) Law; or
(b) the Rules; or
(c) an applicable 2018–2022 access arrangement.
(2) Subject to this Division, the AER may make any variation to an applicable 2018–2022 access arrangement that it considers necessary to be made as a consequence of the enactment of Subdivision 3.
(3) Without limiting subsection (2), the AER may do any one or more of the following—
(a) vary—
(i) the review submission date contained in an applicable 2018–2022 access arrangement;
(ii) a reference tariff variation mechanism included in an applicable 2018–2022 access arrangement;
(iii) an incentive mechanism included in an applicable 2018–2022 access arrangement;
(iv) any fixed principles included in an applicable 2018–2022 access arrangement;
(v) reference tariffs specified in an applicable 2018–2022 access arrangement;
(b) provide for—
(i) reference
tariffs that are to apply during the applicable access arrangement extension
period of an applicable
2018–2022 access arrangement;
(ii) revenues
to be derived from the provision of pipeline services during the
applicable access arrangement extension period of an applicable
2018–2022 access arrangement;
(iii) costs and expenditure to be incurred in the provision of pipeline services during the applicable access arrangement extension period of an applicable 2018–2022 access arrangement;
(iv) the recovery by a Victorian distributor of any efficient costs that the Victorian distributor incurs as a direct result of the enactment of Subdivision 3;
(c) make any other variations to an applicable 2018–2022 access arrangement that the AER considers necessary to be made as a consequence of—
(i) the enactment of Subdivision 3; or
(ii) the doing of a thing under subsection (2) or paragraph (a) or (b) of this subsection.
(4) The AER must not make a variation decision that is inconsistent with any applicable Order under this Division.
(5) When the AER makes a variation decision, it must—
(a) give a copy of the decision to the Victorian distributor whose applicable 2018–2022 access arrangement has been varied by the decision; and
(b) publish the decision on the AER's website.
Pt 7 Div. 3 (Heading and ss 70, 71) inserted by No. 24/2023 s. 8.
Division 3—General modifications to the NGL
S. 70 inserted by No. 24/2023 s. 8.