Economic Regulation Authority (Licensing Funding) Regulations 2014 (WA)

Western Australia Economic Regulation Authority Act 2003 Economic Regulation Authority (Licensing Funding) Regulations 2014 Western Australia Economic Regulation Authority (Licensing Funding) Regulations 2014 Contents 1. Citation 1 2. Commencement 1 3. Terms used 1 4. Specific charges: liability and amount 3 5. Specific charges: estimates 5 6. Annual licence charges: liability and amount 5 7. Standing charges: liability and amount 6 8. Standing charges: assessment and payment 8 9. Recovery of unpaid amounts 9 10. Exemptions 9 11. Extension of time within which to pay 9 12. Authority's annual report 10 13. Review 10 Notes Compilation table 11 Defined terms Western Australia Economic Regulation Authority Act 2003 Economic Regulation Authority (Licensing Funding) Regulations 2014

1. Citation These regulations are the Economic Regulation Authority (Licensing Funding) Regulations 2014.

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 1 January 2015.

3. Terms used (1) In these regulations — allowed period, in relation to the payment of a charge under these regulations, means the period referred to in regulation 4(4), 6(3) or 8(2) (whichever is relevant) or that period as extended by the Authority under regulation 11; annual licence charge means a charge payable under regulation 6(1); core function costs, for a quarter, means costs that — (a) are incurred by the Authority in the quarter in connection with the performance of its licensing functions; and (b) cannot be recovered through the imposition of specific charges or annual licence charges; electricity distribution licence means a distribution licence as defined in the Electricity Industry Act 2004 section 3; electricity generation licence means a generation licence as defined in the Electricity Industry Act 2004 section 3; electricity retail licence means a retail licence as defined in the Electricity Industry Act 2004 section 3; electricity transmission licence means a transmission licence as defined in the Electricity Industry Act 2004 section 3; gas distribution licence means a distribution licence as defined in the Energy Coordination Act 1994 section 3(1); gas trading licence means a trading licence as defined in the Energy Coordination Act 1994 section 3(1); integrated regional licence has the meaning given in the Electricity Industry Act 2004 section 3; licence means one of the following — (a) an electricity distribution licence; (b) an electricity generation licence; (c) an electricity retail licence; (d) an electricity transmission licence; (e) an integrated regional licence; (f) a gas distribution licence; (g) a gas trading licence; (h) a water services licence; licensee means the person who holds a licence; licensing functions means functions of the Authority under the Electricity Industry Act 2004 Part 2, the Energy Coordination Act 1994 Part 2A or the Water Services Act 2012 Part 2; 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 Authority having regard to comparable indices then available; quarter means the period of 3 months ending on 30 September, 31 December, 31 March or 30 June; specific charge means a charge payable under regulation 4(2); standing charge means a charge payable under regulation 7(2); water services licence means a licence as defined in the Water Services Act 2012 section 3(1). (2) For the purposes of regulations 6 and 7, an integrated regional licence is to be treated as if it were separate licences, one for each activity (described in the Electricity Industry Act 2004 section 4(1)(a), (b), (c) or (d)) authorised under the licence.