Overview

Process paper
Discussion Paper

Discussion paper

On 4 August 2025, we formally started our 2026 Rate of Return Instrument (RORI) review with the release of an AER discussion paper.

The discussion paper sets out our positions on what we consider likely to be the key issues for the 2026 RORI review It forms part of our initial engagement for the review, building on previous reviews and stakeholder engagement. We invite stakeholder input on the proposed areas of focus and our approach to further analysis.

AER – 2026 Review Discussion Paper – 4 August 2025
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AER – 2026 RORI review discussion paper – Appendix A – WTA illustrative example – 4 August 2025
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Stakeholder forum

The AER held an online public forum on the 2026 RORI review discussion paper on 26 August 2025. Presentations from the forum are provided below.
 

AER - 2026 RORI review public forum presentation - 26 August 2025
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ENA - 2026 RORI review public forum presentation - 26 August 2025
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ECA - 2026 RORI review public forum presentation - 26 August 2025
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Submissions

We invite interested stakeholders to make written submissions on the 2026 RORI review discussion paper by 28 November 2025 to RateOfReturnataer [dot] gov [dot] au (RateOfReturn[at]aer[dot]gov[dot]au).

Prior to this, we would also be interested in meeting with individual stakeholders to clarify any issues regarding the paper and to receive early feedback.