The AER conducted a preliminary examination of the access arrangement proposal and found a nominated averaging period was omitted from the proposal. In accordance with sub-rule 43(3) of the National Gas Rules (NGR), the information submitted in SP AusNet's access arrangement information was, in the AER's opinion, deficient in its comprehensiveness or in any other respect. The AER requested SP AusNet, in accordance with sub-rule 43(3)(b) of the NGR, to submit further access arrangement information as an addendum to the information already submitted.
The AER requested SP AusNet to nominate an averaging period for the market data such as the risk free rate and debt risk premium.
In accordance with sub-rule 11(1)(b) of the NGR, the period taken by SP AusNet to correct the deficiency was disregarded for the purpose of calculating the decision making time for approving or refusing to approve SP AusNet’s access arrangement proposal and the decision making time under rule 10 of the NGR.