The Economic Regulation of Transport Act, 2024 (Act No. 6 of 2024)Chapter 3 : Economic Regulation of Transport Facilities and ServicesPart B : Economic Oversight of Regulated Entities14. Regulatory accounting and disclosure requirements |
| (1) | The Regulator must define, develop, publish and administer standards for the preparation and presentation, by regulated entities, of financial and other relevant information to be considered in any price control determination or review, including the criteria to be used for the valuation and allocation of assets by regulated entities. |
| (2) | Each regulated entity must submit financial and other relevant information to the Regulator in accordance with the standards and criteria established in terms of subsection (1). |
| (3) | The Regulator may require a regulated entity to have an independent review of the financial and other relevant information contemplated in this section. |
| (4) | A review required in terms of subsection (3) may be carried out by the regulated entity’s auditor, or by an alternative auditor nominated by the Regulator in consultation with the regulated entity. |