Economic Regulation Authority (Electricity Networks Access Funding) Regulations 2012 (WA)

Western Australia Economic Regulation Authority Act 2003 Economic Regulation Authority (Electricity Networks Access Funding) Regulations 2012 Western Australia Economic Regulation Authority (Electricity Networks Access Funding) Regulations 2012 Contents 1. Citation 1 2. Commencement 1 3. Terms used 1 4. Standing charges, liability for and amount of 2 5. Standing charges, assessment and payment of 3 6. Specific charges, liability for and amount of 4 7. ERA document, fee for 6 8. Unpaid amounts, recovery of 6 9. ERA's annual report, matters to be included in 7 Schedule 1 — Percentages for calculating standing charges Schedule 2 — Functions for which specific charges are payable Notes Compilation table 12 Defined terms Western Australia Economic Regulation Authority Act 2003 Economic Regulation Authority (Electricity Networks Access Funding) Regulations 2012

1. Citation These regulations are the Economic Regulation Authority (Electricity Networks Access Funding) Regulations 2012 1.

2. Commencement These regulations come into operation as follows — (a) regulations 1 and 2 — on the day on which these regulations are published in the Gazette; (b) the rest of the regulations — on the day after that day.

3. Terms used (1) If a term is given a meaning in the ENA Code, it has the same meaning in these regulations, unless the contrary intention appears in these regulations. (2) In these regulations, unless the contrary intention appears — allowed period means the period referred to in regulation 5(2) or 6(7), as the case requires, or such further period as the ERA may allow; assessment amount means the total amount payable as specified in a notice of assessment given under regulation 5(1)(b)(i); core function costs, for a quarter, means costs that — (a) are incurred by the ERA in the quarter in connection with performing its functions under the EI Act section 112 and under the ENA Code; and (b) cannot be recovered through the imposition of specific charges under these regulations; EI Act means the Electricity Industry Act 2004; ENA Code means the Electricity Networks Access Code 2004 established under the EI Act section 104; ERA means the Economic Regulation Authority established under the ERA Act; ERA Act means the Economic Regulation Authority Act 2003; prescribed rate, in relation to interest on amounts not paid within an allowed period, means the interest rate that is 5 percentage points higher than — (a) the rate quoted on Reuters Screen BBSW as the Bank Bill Reference Rate (Mid Rate) for a one month bill at or about 10 a.m. (Sydney time) on the first day after the allowed period; or (b) if a rate is not quoted as described in paragraph (a) — the rate determined by the ERA having regard to comparable indices then available; quarter means the period of 3 months that begins on 1 July, 1 October, 1 January or 1 April; specific charge means a charge payable under regulation 6; standing charge means a charge payable under regulation 4.