Document ID: chunk:federal_register_of_legislation:F2017L01073:reg:7
Version: federal_register_of_legislation:F2017L01073
Segment Type: reg
Provision Reference: reg 7
Character Range: 4830–6162

7  Approved regulatory charging activities
 (1) It is a policy of the Australian Government that a corporate Commonwealth entity is to only charge for an approved regulatory charging activity provided by the entity.
Note: Further information on the application of the Australian Government policy in relation to regulatory charging is provided in the Australian Government Charging Framework, which could in 2017 be viewed at http://www.finance.gov.au.
 (2) For each approved regulatory charging activity provided by the entity, the entity is to:
 (a) if users are to be charged for the activity on a full cost‑recovery basis—ensure that expenses and revenue relating to the activity balance out over a reasonable period, for example, the business cycle of the activity; and
 (b) if users are to be charged for the activity on a partial cost‑recovery basis—ensure that expenses and revenue relating to the percentage or the portion of the costs that will be recovered balance out over a reasonable period, for example, the business cycle of the activity; and
 (c) develop and maintain an up‑to‑date and publicly available cost recovery implementation statement relating to the activity that meets the requirements set out in section 8; and
 (d) measure, assess and document financial and non‑financial performance of the activity.