Australian Capital Territory Current Acts Australian Capital Territory Current Acts(1) A price direction must include a direction about the pricing of regulated services in the form of either or both of the following:
(a) a price, a maximum price or both a minimum and maximum price for each regulated service;
(b) a maximum total amount ( revenue cap ) that may be earned by a person providing regulated services from the provision of those services.
(2) A price direction must be made in accordance with the current reset principles for the regulated industry (see section 20B).
(3) A price direction may include any or all of the following:
(a) a formula for calculating a price or amount mentioned in subsection (1);
(b) a method by which a price or amount mentioned in subsection (1) is to be ascertained;
(c) a reference to an event or events ( price variation triggers ) the happening of which would entitle the commission to initiate a reference for an investigation into a variation of the direction (under section 24F (Commission-initiated variation)).
Example for par (c)—method
by reference to price indices