ARR Increase 1 Jan - 30 Jun 2011
The 2010 DBCT undertaking was submitted, and approved, as a negotiated package of arrangements between DBCT Management and the terminal’s users. As such, the approved 2010 DBCT undertaking reflects a trade-offs between the parties, rather than agreement on all individual aspects.
In its decision to approve the 2010 undertaking, the Authority also noted that aspects of the undertaking did not necessarily reflect the approach it may have adopted. However, given the negotiated nature of the undertaking, the Authority presumed that it was in the interests of both DBCT Management and existing access holders. The Authority’s investigation therefore focused on the key aspects of the 2010 undertaking that were relevant to the public interest and on the interests of access seekers that were not subject to the negotiations prior to the submission of the 2010 undertaking. The Authority approved the undertaking after having been satisfied it met the requirements of the relevant assessment criteria.
Amongst other things, the 2010 DBCT undertaking sets the annual revenue requirement (ARR) for the terminal as at 1 January 2011.
On 9 August 2011, DBCT Management submitted a draft amending access undertaking (DAAU) to amend the 2010 DBCT undertaking to make a one-off increase in the ARR for the period of 1 January 2011 to 30 June 2011 of $2,166,968 to adjust for an error DBCT Management made in its calculation of the ARR for this period.
On 12 August 2011, the Authority published the DAAU and sought submissions from stakeholders by 8 September 2011. In doing so, the Authority advised that, in the absence of stakeholder submissions, it may proceed directly to a final decision.
The Authority has reviewed the DAAU and considers that the DBCT Management’s adjustment to ARR for 1 January – 30 June 2011 is reasonable. Given this, and that stakeholders did not make any submissions, on 29 September 2011 the Authority made a final decision to approve DBCT Management’s DAAU.
The Authority’s decision is available below. If you have any questions on this matter, please contact Ravi Prasad on 07 3222 0533.
Decision/Recommendation
Interim Report/Papers
Submissions
