Under the Pricing Order, Port of Melbourne is required to submit a Tariff Compliance Statement to the Essential Services Commission (ESC) by no later than 31 May each year. The Tariff Compliance Statement must explain how Prescribed Service Tariffs for the upcoming financial year comply with the Pricing Order.
The ESC is responsible for monitoring and reporting on Port of Melbourne’s compliance with the Pricing Order. The ESC must conduct a public review of Port of Melbourne’s compliance with the Pricing Order every five years and report its findings to the ESC Minister. To promote transparency and predictability in its approach the ESC will also publish interim commentary during the five year review period to set out its preliminary observations and views. This will allow Port of Melbourne to be aware of and respond to any issues in advance of the ESC’s formal five-yearly review.
Read more about the ESC’s roles under the regulatory framework here.
- May 2020 amendment to the Pricing Order