Economic Regulation Authority (Railways Access Funding) Regulations 2019 (WA)

Western Australia Economic Regulation Authority Act 2003 Economic Regulation Authority (Railways Access Funding) Regulations 2019 Western Australia Economic Regulation Authority (Railways Access Funding) Regulations 2019 Contents 1. Citation 1 2. Commencement 1 3. Terms used 1 4. Application of these regulations 2 5. Specific charges: liability and amount 2 6. Standing charges: liability and amount 4 7. Standing charges: assessment and payment 5 8. Recovery of unpaid amounts 6 9. Extension of time within which to pay 7 10. Authority's annual report 7 11. Review 7 Notes Compilation table 8 Defined terms Economic Regulation Authority Act 2003 Economic Regulation Authority (Railways Access Funding) Regulations 2019

1. Citation These regulations are the Economic Regulation Authority (Railways Access Funding) Regulations 2019.

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 July 2019.

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 5(4) or 7(2) (whichever is relevant) or that period as extended by the Authority under regulation 9; Code means the Railways (Access) Code 2000; 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 functions under the Railways (Access) Act 1998 and the Code; and (b) cannot be recovered through the imposition of specific charges; covered route means a route to which the Code applies; 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 Australian Stock Exchange Bank Bill Swap Rate (BBSW) for a 1 month security for the first day after the allowed period for which the rate is published; or (b) if a rate is not published 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 5(2); standing charge means a charge payable under regulation 6(1). (2) A reference to a railway owner in relation to a quarter includes a reference to a person who was a railway owner at any time in the quarter. (3) If a term is given a meaning in the Code, it has the same meaning in these regulations.