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Regulatory Accounts Amendment 2008

The regulatory accounting code specifies the information that water businesses must prepare and submit to the Commission on their actual financial performance. The information collected under the code will allow the Commission to monitor the businesses’ financial performance during the regulatory period and provide the basis for assessing expenditure and revenue forecasts used to approve water, sewerage and related services in future price reviews.

The code sets out obligations on water businesses regarding:

  • the submission of certain financial information to the Commission
  • the preparation of regulatory accounting statements in the regulatory accounting templates
  • specified principles for the preparation of regulatory accounts
  • review and adjustment of regulatory accounts.

Following the review of 2006-07 regulatory accounts, the Commission extensively  reviewed the code and the regulatory accounting statements. This has been prompted by a number of issues that were identified during the review process and scope for improving the timeliness of the review process itself.

 

Associated Documents


Final Code (3)
24 Jan 2010 Code – Regulatory Accounting Code for Victorian Water Businesses
04 Nov 2009 Template – Generic Template for Water Businesses to Submit Regulatory Accounts
28 Oct 2009 Paper – Regulatory Accounts Code Amendment Paper
Draft Code (3)
30 Aug 2009 Draft Code – Review of Regulatory Accounting Code and Templates for Victorian Water Businesses
(5) Submissions
30 Aug 2009 Draft Template – Review of Regulatory Accounting Code and Templates for Victorian Water Businesses
30 Aug 2009 Draft Paper – Review of Regulatory Accounting Code and Templates for Victorian Water Businesses