Queensland Rail's costing manual

Status
In effect
Final report
14/02/2019

The QCA Act requires Queensland Rail to submit regulatory accounts that single out the financial information for the declared parts of its business (‘below-rail financial statements’). The QCA may approve a costing manual to guide how these accounts are prepared.

Costing manual 2018–19

Queensland Rail’s costing manual guides the preparation of its regulatory financial statements.

On 25 January 2019, Queensland Rail submitted proposed amendments to us for approval, which consisted of minor changes to the standard allocators to be applied for 2018–19. We approved the amendments to the costing manual on 14 February 2019.

Our decision is available below.

Date Action
25 January 2019 Queensland Rail submitteda proposed amendment to the costing manual
14 February 2019 The QCA approved the amendment

Report and papers

Date
Title Document
14 February 2019 Other documents QCA letter – QR costing manual amendment pdf, 192.02 Kb

Costing manual 2017–18

Queensland Rail’s cost allocation manual guides the preparation of its regulatory financial statements.

On 27 February 2018, Queensland Rail submitted proposed amendments to us for approval, setting out minor changes to the standard allocators to be applied for 2017–18. We approved the amendments to the cost allocation manual on 23 May 2018.

Our decision is available below.

Date Action
19 June 2017 The QCA approved Queensland Rail’s cost allocation manual
27 February 2018 Queensland Rail submitted a proposed amendment
23 May 2018 The QCA approved the amendments

Report and papers

Date
Title Document
23 May 2018 Final report QCA – QR cost allocation manual amendment pdf, 203.98 Kb

Costing manual 2016–17

On 19 June 2017, we released our final decision to refuse to accept Queensland Rail’s proposed 2016 cost allocation manual. We received three submissions on its draft decision, from Queensland Rail, New Hope Group, and Pacific National. We also released the cost allocation manual that we prepared for use by Queensland Rail.

These documents are available below.

Queensland Rail’s draft cost allocation manual

The cost allocation manual, as approved by the QCA, would be used by Queensland Rail to prepare its regulatory financial statements for 2016—17, and potentially for subsequent years until the manual is further revised.

Regulatory process

22 July 2016—The QCA made a request to Queensland Rail to prepare a revised cost allocation manual by 21 September 2016.

18 August 2016—Queensland Rail requested an extension to 31 December 2016 to submit its cost allocation manual to the QCA.

9 September 2016—The QCA granted Queensland Rail an extension to 23 December 2016.

22 December 2016—Queensland Rail submitted its proposed cost allocation manual for the QCA’s consideration under section 159 of the QCA Act.

17 February 2017—The period closed for lodging submissions on Queensland Rail’s proposed cost allocation manual. The QCA received two submissions—from New Hope Group and Pacific National.

10 April 2017—The QCA released its draft decision to refuse to approve Queensland Rail’s proposed cost allocation manual.

10 May 2017—The period closed for lodging submissions on the QCA’s draft decision. The QCA received three submissions—from Queensland Rail, New Hope Group, and Pacific National.

19 June 2017—The QCA released its final decision on Queensland Rail’s proposed cost allocation manual.

Report and papers

Date
Title Document
16 June 2017 Final report QCA letter – QR 2016 cost allocation manual final decision pdf, 1.12 Mb
16 June 2017 Final report QCA – QR Cost Allocation Manual pdf, 1.10 Mb
Date
Title Document
07 April 2017 Other documents QCA – QR 2016 cost allocation manual draft decision pdf, 762.52 Kb
07 April 2017 Other documents QCA – QR 2016 proposed cost allocation manual – markup pdf, 1.28 Mb
Date
Title Document
04 January 2017 Submission Queensland Rail – Letter and Draft Costing Manual pdf, 1.87 Mb
Date
Title Document
12 September 2016 Other documents QCA letter – approval of extension of time for Queensland Rail costing manual pdf, 178.97 Kb
12 September 2016 Submission Queensland Rail – request for extension of time pdf, 834.44 Kb
12 September 2016 Other documents QCA letter – Queensland Rail costing manual pdf, 200.50 Kb
Date
Title Document
10 May 2017 Submission Queensland Rail – Submission on QCA draft decision – costing manual pdf, 3.22 Mb
10 May 2017 Submission New Hope Group – Submission on QCA draft decision pdf, 346.64 Kb
10 May 2017 Submission Pacific National – Submission on QCA draft decision pdf, 130.69 Kb
13 February 2017 Submission New Hope Group – Submission on QR’s proposed 2016 cost allocation manual pdf, 358.47 Kb
17 February 2017 Submission Pacific National – Submission on QR’s proposed 2016 cost allocation manual pdf, 151.47 Kb

Costing manual 2012–13

On 24 April 2013, we released our final decision to accept Queensland Rail’s proposed 2013 cost allocation manual.

Report and papers

Date
Title Document
24 April 2013 Submission Queensland Rail Costing Manual 2013 pdf, 306.74 Kb

Costing manual 2010–12

We approved amendments in March 2012 to the costing manual of Queensland Rail Ltd (QRail) that QRail proposed to reflect its separation from QR National Limited.

This approval applied to both the 2010–11 and 2011–12 regulatory accounts.

Report and papers

Date
Title Document
15 March 2012 Final report Final Decision on 2010-11 QRail Costing Manual pdf, 93.47 Kb
Date
Title Document
15 December 2011 Submission Submission letter for costing manual pdf, 48.32 Kb
15 December 2011 Submission Proposed Costing Manual pdf, 305.07 Kb
Date
Title Document
15 February 2012 Submission QR National pdf, 913.81 Kb
15 February 2012 Submission Asciano pdf, 53.14 Kb

Costing manual 2009–10

On 21 April 2011, we  approved the proposed changes to the costing manual as they were consistent with the QCA Act and provided for an appropriate regulatory financial report by QRail, given the unusual circumstances of the 2009–10 financial year.

On 15 April 2011, Queensland Rail Ltd (QRail) wrote to the QCA proposing amendments to its costing manual.

The amendments were designed to allow QRail to finalise its regulatory financial reports for the 2009–10 financial year, given the circumstances where QRail did not trade during that year, as the business did not exist as a separate entity until the final minutes of June 2010.

Report and papers

Date
Title Document
15 April 2011 Final report Final Decision on 2009-10 Costing Manual pdf, 41.77 Kb
Date
Title Document
15 April 2011 Submission Markup of changes to Costing Manual pdf, 183.84 Kb
15 April 2011 Submission Submission letter to the QCA pdf, 105.74 Kb