Review events

Status
In effect
Final report
26/11/2018

A review event, such as a change in reference tonnage, can affect the terminal infrastructure charge. Other examples of review events are the completion of a terminal capacity expansion, receipt of insurance proceeds or inclusion of capital expenditure in the regulatory asset base.

Change in reference tonnage change Nov 2018

On 26 November 2018, we approved DBCT Management’s application to amend the terminal infrastructure charge (TIC). The amended TIC is as follows:

1 November – 31 December 2018 1 January – 30 June 2019
Reference tariff ($per tonne) 2.4108 2.4766

The approval was made in accordance with the DBCT 2017 access undertaking (sch. C, part A, cl. 4).

Our approval letter is available below.

Under the Dalrymple Bay Coal Terminal (DBCT) 2017 access undertaking (the 2017 AU), a change in reference tonnage constitutes a ‘review event’ (sch. G, definitions). If such a review event occurs, DBCT Management must submit a request to the QCA to approve an amendment to (any one or more of) the annual revenue requirement, revenue cap and reference tariff (sch. C, part A, cl. 4(e)).

DBCT Management applied for a change in the TIC on 16 November 2018. This application was based on a review event for a change in reference tonnage. The reference tonnage was changed because new access agreements were signed, after a notifying access seeker process (cl. 5.4 of the 2017 AU), and one existing access agreement was varied. Changes in reference tonnage affect the TIC, which therefore in this case changes from 1 November 2018 to 30 June 2019.

DBCT Management’s application is available below.

Date Action
26 October 2018 DBCTM signed new access agreements
16 November 2018 DBCTM notified the QCA of the review event
26 November 2018 The QCA approved changes to the terminal infrastructure charge that apply from 1 Nov 2018 to 30 June 2019

Report and papers

Date
Title Document
26 November 2018 Final report QCA-Reference tonnage review event approval pdf, 194.20 Kb
Date
Title Document
19 October 2018 Submission ILC-DBCT Capacity Estimates pdf, 383.56 Kb
16 November 2018 Submission DBCTM—Changes in ART calculations Nov 18 xlsm, 23.08 Kb
16 November 2018 Submission DBCTM-Reference tonnage review event application pdf, 130.06 Kb

Change in reference tonnage August 2018

On 19 July 2018, we approved DBCT Management’s application to conditionally vary the capacity of an existing access holder under clause 5.4(k)(5) of the access undertaking, and the associated change in reference tonnage. The amended reference tariff decreases from $2.6155 to $2.5933, from 1 August 2018 to 30 June 2019.

The approval was made in accordance with the DBCT 2017 access undertaking  (sch. C, part A, cls. 4(e) and 5.4(5)(k)).

Our decision can be found below.

Under the Dalrymple Bay Coal Terminal (DBCT) 2017 access undertaking (cl. 5.4(k)(5)), DBCT Management can apply to us for approval to enter into access agreements to achieve greater capacity utilisation. Such an application falls outside the strict application of the process set out in clause 5.4. An approved application results in a change in reference tonnage, constituting a ‘review event’ (sch. G, definitions).

If a review event occurs, DBCT Management is required to submit a request to us to approve an amendment to (any one or more of) the annual revenue requirement, revenue cap, and reference tariff (sch. C, part A, cl. 4(e)).

On 11 July, DBCT Management submitted an access application under clause 5.4(k)(5) to increase an existing access holder’s capacity from 1 July 2018 to 30 June 2019, conditional on sufficient capacity being available beyond 24 August 2018. DBCT Management also submitted notification that a review event would be triggered by the change in reference tonnage, which would add 0.6 Mt from 1 August 2018 to 30 June 2019.

DBCTM’s application can be found below.

Date Action
11 July 2018 DBCT Management signed a Deed of Variation with an existing access holder.
11 July 2018 DBCT Management submitted an application to the QCA under cl. 5.4(k)(5) of the access undertaking.
11 July 2018 DBCT Management notified the QCA of the review event that would result if the application was approved.
19 July 2018 The QCA approved the cl. 5.4(k)(5) application and the reference tariff from 1 August 2018 to 30 June 2019.

Report and papers

Date
Title Document
19 July 2018 Final report QCA – Alternative application and reference tonnage review event approval pdf, 615.49 Kb
Date
Title Document
11 July 2018 Submission DBCT Management – Alternative application under cl. 5.4(k)(5) pdf, 128.79 Kb
11 July 2018 Submission DBCTM – Reference Tonnage Review Event pdf, 93.11 Kb

Change in reference tonnage June 2018

On 21 June 2018, we approved DBCT Management’s application to amend the reference tariff from $2.4674 to $2.2039, to apply from 1 to 30 June 2018.

The approval was made in accordance with the DBCT access undertaking 2017 (sch. C, part A, cl. 4(e)).

 

Under the Dalrymple Bay Coal Terminal (DBCT) 2017 access undertaking (the 2017 AU), a change in reference tonnage constitutes a ‘review event’ (schedule G, definitions). If this review event occurs, DBCTM is required to submit a request to us to approve an amendment to (any one or more of) the annual revenue requirement (ARR), revenue cap, and reference tariff (sch. C, part A, cl. 4(e)).

DBCTM submitted a change in reference tonnage review event on 31 May 2018, adding 0.8 mt from 1 to 30 June 2018.

 

Date Action
29 May 2018 DBCTM signed a new access agreement
31 May 2018 DBCTM notified the QCA of the review event
21 Jun 2018 The QCA approved the new terminal infrastructure charge for 1 to 30 June 2018

Report and papers

Date
Title Document
21 June 2018 Final report QCA – Reference Tonnage Review Event Approval pdf, 234.24 Kb
Date
Title Document
31 May 2018 Submission DBCTM – Reference Tonnage Review Event pdf, 369.51 Kb

Change in reference tonnage April 2018

On 19 April 2018, we approved DBCT Management’s application to amend the reference tariff from $2.5175 to $2.4674, to apply from 1 April to 30 June 2018.

The approval was made in accordance with the DBCT access undertaking 2017 (sch. C, part A, cl. 4(f)).

 

Under the Dalrymple Bay Coal Terminal (DBCT) 2017 access undertaking (the 2017 AU), a change in reference tonnage constitutes a ‘review event’ (schedule G, definitions). If a reference tonnage review event occurs, DBCTM is required to submit a request to us to approve an amendment to (any one or more of) the annual revenue requirement (ARR), revenue cap and reference tariff (schedule C, part A, clause 4(f)).

DBCTM submitted a change in reference tonnage review event on 5 April 2018, adding 0.4 mt from 1 April 2018 to 30 June 2018, and 1.6 mt annually from 1 July 2018 to 30 June 2021.

DBCTM’s application can be found below.

Date Action
28 March 2018 DBCTM signed a new access agreement
5 April 2018 DBCTM notified the QCA of the review event
19 April 2018 The QCA approved the new terminal infrastructure charge for 1 April to 30 June 2018

Report and papers

Date
Title Document
19 April 2018 Final report QCA – Reference Tonnage Review Event pdf, 203.20 Kb
Date
Title Document
05 April 2018 Submission DBCTM – Reference Tonnage Review Event pdf, 374.88 Kb