Outcomes of the cost recovery model review
Changes to the cost recovery model will be made for 2017–18. Recommendations to enhance the model, following extensive consultation with government and industry stakeholders, were approved by the Transport and Infrastructure Council in November 2016.
Changes from 1 July 2017 include:
- Annual fees to be based on actual activity from the previous calendar year, removing the predictive element. This means that the annual fee for an operator in 2017–18 will be calculated from monthly periodic data provided from January to end December 2016. A reconciliation will be undertaken in relation to estimates used to calculate fees for 2016–17 against actual activity but this will not be required in future years.
- The introduction of major project fees, (with a subsequent reduction of up to $1.12m in the amount to be recovered from industry and government) which will more equitably fund ONRSR resources undertaking the regulatory oversight of major rail projects.
Required legislative changes are being progressed. As part of this ONRSR is also seeking to remove the requirement for an Annual Return from 2017–18. This includes a change for operators to report the number of employees engaged in rail safety work via the Monthly Return (rather than the Annual Return).
ONRSR has reviewed and updated its Fees Policy in preparation for these changes. The revised policy will commence on 1 July 2017, subject to the passage of legislation.
Want to know more?
If you require any further information please do not hesitate to contact Julie Bullas at email@example.com or (08) 8406 1550 or Melissa Radke via firstname.lastname@example.org or 0429 044 436.
Last updated: 4 April 2017