The Australian Competition and Consumer Commission (ACCC) has determined nbn’s prices did not exceed maximum regulated prices during the 2014-15 financial year.
The ACCC issued issued a final determination on NBN Co’s revenue controls for 2014-15, in accordance with the Long Term Revenue Constraint Methodology (the LTRCM), which is set out in nbn’s special access undertaking (the SAU).
The SAU is a key component of the regulatory framework for the National Broadband Network (NBN).
The purpose of the revenue controls is to ensure nbn 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.
ACCC Commissioner Cristina Cifuentes said, “The ACCC is satisfied that the values proposed by nbn for 2014-15 for determining allowable revenues for 2014-15 are consistent with the revenue control provisions in the SAU,”
The final determination follows the ACCC’s March 2016 draft determination, which proposed to accept nbn’s proposal.
View the ACCC’s final determination on its website.