The 2010 DBCT access undertaking contains a streamlined approval process for NECAP expenditure less than $20 million per annum to be included in the regulatory asset base (RAB) provided that the following requirements are met:
- the expenditure is less than $20 million per annum and the total NECAP expenditure for the term of the undertaking is less than $110 million
- the expenditure is capital expenditure, not operating expenditure
- the terminal's users did not object to including the expenditure into the regulatory asset base
- the operator (DBCT Pty Ltd) has recommended in writing that this expenditure be incurred (cl. 12.10(b)).
In addition, the undertaking provides for NECAP expenditure in excess of $20 million per year to be included in the RAB if it is considered prudent having regard to a set of criteria (cl. 12.10(c)).