This report sets out the changes IPART is making to its current approach to applying regulatory tests for capital expenditure (capex) in its building-block-based pricing reviews.
The changes are relatively minor compared to the extensive enhancements that were made to our approach in 2009. The changes include flow-charting our test processes more explicitly, placing more emphasis on agencies’ Asset Management Plans, longer-term capex plans and external assurance on their submissions and greater use of output measures.
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