In 2022 we updated our Statement of Regulatory Approach for the Port of Melbourne, to clarify our compliance roles and update our proposed approach to administering key processes of the pricing order.
Updates to our Statement of Regulatory Approach for the Port of Melbourne
We have updated our statement of regulatory approach
In 2022 we updated our Statement of Regulatory Approach to further clarify our role in the Port of Melbourne's compliance framework and provide additional guidance to the Port of Melbourne on how to demonstrate compliance with the pricing order.
Our key amendments were informed by findings from our 2021 five-yearly compliance review, tariff rebalancing review and a complaints investigation we concluded in mid-2022 and are relevant for the next five-year review, future tariff compliance statements and tariff rebalancing applications.
Our process involved consulting with our key stakeholder, the Port of Melbourne, on our proposed changes. The Port of Melbourne provided a confidential submission in response to our proposed changes.
Current version of the Statement of Regulatory Approach
Port of Melbourne submission on Statement of Regulatory Approach 2.0
Previous versions of the Statement of Regulatory Approach
Our main amendment is to our interpretation of 'well-accepted' approaches to determining the cost of capital.