ACCC Gives Ok For NBN Revenue Controls, Prices
The Australian Competition and Consumer Commission (ACCC) has issued its final determination on NBN Co’s 2014-15 revenue controls, and has determined that NBN Co’s prices did not exceed maximum regulated prices during the 2014-15 financial year.
The ACCC, in accordance with the long-term revenue constraint methodology set out in NBN Co’s special access undertaking (SAU), is required to make annual determinations on NBN Co’s revenue controls.
As explained by the ACCC, the revenue controls’ purpose “is to ensure NBN Co has the opportunity to recover its long-term costs over the duration of the SAU, and those costs are incurred in a prudent and efficient manner”.
In March, the ACCC had issued a draft determination on NBN Co’s revenue controls, also setting out its view that NBN Co’s prices did not exceed maximum regulated prices during the 2014-15 financial year.
“The ACCC is satisfied that the values proposed by NBN Co for 2014-15 for determining allowable revenues for 2014-15 are consistent with the revenue control provisions in the SAU,” ACCC commissioner Cristina Cifuentes commented.
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