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Telecommunications Act 2001

Telecommunications service obligations - TSO charges payable by the Crown - Annual procedure for determining TSO charges payable by the Crown

94EA: Calculations of net revenue and auditor's report must be given to Commission

You could also call this:

"Telecommunications companies must report their income and have it checked by an auditor to ensure accuracy."

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If you are a TSO provider who has to give telecommunications services to end-users, this section applies to you. You will know this is the case if you get a copy of a notice under section 94(3). Within 60 days of getting this notice, you must give the Commission some information. You must give the Commission calculations of your net revenue for the financial year. You also need to give the Commission a report from a qualified auditor that says whether your calculations are correct according to any rules and requirements of the Commission. The auditor's report must check if your calculations follow any prescribed requirements and any requirements of the Commission.

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94E: Considerations for determining net cost, or

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"How to work out the net revenue from telecommunications services fairly"

Part 3Telecommunications service obligations
TSO charges payable by the Crown: Annual procedure for determining TSO charges payable by the Crown

94EACalculations of net revenue and auditor's report must be given to Commission

  1. This section applies to a TSO provider under a deemed TSO instrument that requires the TSO provider to provide a telecommunications service to end-users and who is served with a copy of a notice under section 94(3).

  2. Not later than 60 days after receiving the copy of the notice served under section 94(3), a TSO provider to whom this section applies must provide to the Commission—

  3. calculations of the net revenue of the TSO provider for the financial year; and
    1. a report prepared by a qualified auditor that includes a statement of whether the calculations comply with—
      1. any prescribed requirements relating to those calculations; and
        1. any requirements of the Commission.

        Notes
        • Section 94EA: inserted, on (being the date of separation day, and an Order in Council (SR 2011/302) having been made under section 36), by section 55 of the Telecommunications (TSO, Broadband, and Other Matters) Amendment Act 2011 (2011 No 27).