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The accepted Hunter Valley Access Undertaking requires ARTC to submit documentation to the ÌÇÐÄÔ´´ for the purposes of an annual compliance assessment. Section 4.10 and Schedule G of the undertaking requires the ÌÇÐÄÔ´´ to determine whether ARTC has complied with the financial model and pricing principles specified in the undertaking and whether there has been any under or over recovery of revenue from users that needs to be reconciled.
These letters from the ARTC document the progress of various reviews related to the 2011 Hunter Valley undertaking.
In January 2014, ARTC submitted a proposed variation to the accepted Hunter Valley access undertaking to the ÌÇÐÄÔ´´ for assessment.
On 28 June 2013 ARTC submitted a request to vary its 2011 undertaking to the ÌÇÐÄÔ´´.
ARTC is required to review the accepted access undertaking five years after the commencement date to determine whether any amendments to the undertaking are required as a result of changes to industry circumstances or Government legislation, rules, or regulations.
The Hunter Valley Access Undertaking (HVAU) accepted by the ÌÇÐÄÔ´´ on 29 June 2011 requires ARTC to submit documentation for the purposes of an annual compliance assessment conducted by the ÌÇÐÄÔ´´.
On 10 April 2013 the ÌÇÐÄÔ´´ made a final decision to consent to ARTC's proposed undertaking variation.
The ÌÇÐÄÔ´´ carried out a compliance assessment and determined that ARTC has complied with pricing principles specified in clause 4.10 of the undertaking for the period 1 July 2011 to 31 December 2011.
On 24 December 2012, ARTC withdrew its proposed non-TUT related performance incentives variation.
ARTC lodged a variation request on 7 September 2012 which the ÌÇÐÄÔ´´ consented to on 12 October 2012.