The NSW Rail Access Undertaking governs third party access to all rail network sectors in NSW for which Rail Corporation New South Wales (RailCorp) is the owner and some of the networks for which the Australian Rail Track Corporation (ARTC) is the owner.
RailCorp and ARTC are required to submit information to IPART each year to demonstrate compliance with the Undertaking. IPART’s compliance guidelines provide information about this process.
The requirements differ for the Hunter Valley Coal Network (HVCN) and non-HVCN sectors. Further information and past assessments for specific network sectors are available below.
RailCorp’s HVCN between Newstan Junction and Woodville Junction is the only part of the HVCN that is currently subject to the NSW Rail Access Undertaking.
For these sectors, IPART reviews compliance under Schedule 3, section 5(b) of the Undertaking, which involves determining RailCorp’s compliance with both asset valuation principles and a ceiling test, having regard to operation of the ‘unders and overs’ account.
Here is information on historical rail access compliance.
For rail networks other than the HVCN, IPART reviews compliance under Schedule 3, section 5(f) of the Undertaking. Essentially, this requires RailCorp and ARTC to demonstrate to our reasonable satisfaction that access revenue is not more than 80% of the full economic cost of providing access.
For some network sectors where revenue is substantially below the 80% threshold, we require cost and revenue information every five years. In the intervening years we seek a statement to the effect that there has been no material change. For network sectors where revenue is at risk of reaching the threshold, we require supporting information to be provided every year.