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Legislative Assembly for the ACT: 2018 Week 5 Hansard (10 May) . . Page.. 1958 ..


The Will Bank established by the State Trustee (Victoria's equivalent of ACT's Public Trustee and Guardian (PTG) in the ACT) is similar to that offered by the ACT Supreme Court. A difference is that the State Trustee is a Government Business Enterprise, unlike PTG which is a partly self-funding independent Territory authority. The initiative taken by the State Trustee is a commercial one aimed as both a community service and as a business opportunity.

Energy—regulation (Question No 1317)

Mr Coe asked the Minister for Regulatory Services, upon notice, on 13 April 2018 (redirected to the Treasurer):

Can the Minister provide the net regulatory cost associated with the regulation of energy utility providers for the (a) 2007-08, (b) 2008-09, (c) 2009-10, (d) 2010-11, (e) 2011-12, (f) 2012-13, (g) 2013-14, (h) 2014-15, (i) 2015-16, (j) 2016-17 and (k) 2017-18 to date, financial years.

Mr Barr: The answer to the member's question is as follows:

Under the Utilities Act 2000, the Energy Industry Levy (EIL) Administrator determines each year the actual net regulatory costs for the previous financial year and the estimated net regulatory costs for the coming financial year. The EIL net regulatory costs determination is published each year as a notifiable instrument, available on the Legislation Register at www.legislation.act.gov.au.

The net regulatory costs associated with the regulation of energy utility providers are outlined in the table below.

Question Financial Year Actual Net Regulatory Costs

($ millions) (a) 2007-08 1.42 (b) 2008-09 1.71 (c) 2009-10 2.25 (d) 2010-11 2.55 (e) 2011-12 2.80 (f) 2012-13 2.54 (g) 2013-14 2.34 (h) 2014-15 2.26 (i) 2015-16 2.41 (j) 2016-17 2.63 (k) 2017-18 3.26 (estimated)1

_______________________

1 This is the estimated 2017-18 net regulatory cost. The EIL Administrator is required to make the determination for the 2017-18 actual net regulatory costs by 1 October 2018.


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