ActewAGL - AER - Voluntary...ActewAGL Thank you for your letter of 17 August 2018, attached at...
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Mr Warwick Anderson General Manager Network Finance and Reporting Australian Energy Regulator GPO Box 3131 Canberra ACT 2601 5 September 2018 Dear Mr Anderson ActewAGL Distribution (Evoenergy) Voluntary provision of tax information to the AER tax review ActewAGL Thank you for your letter of 17 August 2018, attached at Appendix 1, regarding the voluntary provision of tax information to the AER tax review for ActewAGL Distribution (Evoenergy). Our responses to each of the items requested in the voluntary information request are set out below. Please note that all responses provided, including copies of information uploaded to the AER's secure upload portal , are confidential. We understand that as outlined in your letter of 17 August 2018 and as confirmed in our discussions with you on 24 August 2018, the AER intends to publish (with its October position paper) aggregated numerical analysis only that does not allow confidential data from any network service provider (NSP) to be individually identified. Appendix A: Detailed description of items requested in voluntary information request General information - entity structure 1. A diagram illustrating the group holding structure of ActewAGL Distribution (Evoenergy) as at 30 June 2018 is included at Appendix 2. On 1 January 2018 , in accordance with the AER's revised Ring-fencing Guideline, ActewAGL Distribution's energy networks business changed its name to Evoenergy. Evoenergy is part of the ActewAGL Distribution Partnership (AAD) owned equally by Icon Water Limited and Jemena Ltd via subsidiary companies. 2. There have been no changes to the group structure since 30 June 2018. General information - tax returns and ATO reviews 3. A copy of the income tax returns lodged by AAD for the last 5 years has been uploaded to the AER's secure upload portal as requested . 4. Not applicable. 5. Not applicable. 6. The only non-routine engagement between the ATO and AAD during the last five years was an excise fuel and energy review conducted by the ATO for the period 1 October 2016 to 30 September 2017. 7. A copy of the formal clearance letter issued by the ATO with respect to the review noted in question 6 is attached at Appendix 3. ActewAGL House 40 Bund a St reet Canberra ACT 2600 I GPO B ox 366 Canberra ACT 2601 t 13 14 93 I actewagl.com.au ,>,ct2wAGL O tSmb1.. 11on .ABN 76 670 568 eas 1 pan:nc:rshl p of Jemena Nii! lYrOrks (ACT) ?ty Ltd ASN 24 OJS SSZ 663 ind Ic on Q1srnbut1on l r.vestmMts Lrmltid ABN 83 073 025 22.i.
Transcript of ActewAGL - AER - Voluntary...ActewAGL Thank you for your letter of 17 August 2018, attached at...
Mr Warwick Anderson General Manager Network Finance and Reporting Australian Energy Regulator GPO Box 3131 Canberra ACT 2601
5 September 2018
Dear Mr Anderson
ActewAGL Distribution (Evoenergy)
Voluntary provision of tax information to the AER tax review
ActewAGL
Thank you for your letter of 17 August 2018, attached at Appendix 1, regarding the voluntary provision of tax information to the AER tax review for ActewAGL Distribution (Evoenergy).
Our responses to each of the items requested in the voluntary information request are set out below. Please note that all responses provided, including copies of information uploaded to the AER's secure upload portal , are confidential. We understand that as outlined in your letter of 17 August 2018 and as confirmed in our discussions with you on 24 August 2018, the AER intends to publish (with its October position paper) aggregated numerical analysis only that does not allow confidential data from any network service provider (NSP) to be individually identified .
Appendix A: Detailed description of items requested in voluntary information request
General information - entity structure
1. A diagram illustrating the group holding structure of ActewAGL Distribution (Evoenergy) as at 30 June 2018 is included at Appendix 2.
On 1 January 2018 , in accordance with the AER's revised Ring-fencing Guideline, ActewAGL Distribution 's energy networks business changed its name to Evoenergy. Evoenergy is part of the ActewAGL Distribution Partnership (AAD) owned equally by Icon Water Limited and Jemena Ltd via subsidiary companies.
2. There have been no changes to the group structure since 30 June 2018.
General information - tax returns and A TO reviews
3. A copy of the income tax returns lodged by AAD for the last 5 years has been uploaded to the AER's secure upload portal as requested .
4. Not applicable.
5. Not applicable.
6. The only non-routine engagement between the ATO and AAD during the last five years was an excise fuel and energy review conducted by the ATO for the period 1 October 2016 to 30 September 2017.
7. A copy of the formal clearance letter issued by the A TO with respect to the review noted in question 6 is attached at Appendix 3.
ActewAGL House 40 Bunda Street Canberra ACT 2600 I GPO Box 366 Canberra ACT 2601 t 13 14 93 I actewagl.com.au
,>,ct2wAGL OtSmb1..11on .ABN 76 670 568 eas 1 pan:nc:rshlp of Jemena Nii! lYrOrks (ACT) ?ty Ltd ASN 24 OJS SSZ 663 ind Icon Q1srnbut1on lr.vestmMts Lrmltid ABN 83 073 025 22.i.
ActewAGL
8. AAD has not entered into a tax deed with the ATO.
Fixed asset registers and policies
9. A copy of the tax fixed assets register has been uploaded to the AER's secure upload portal as requested .
10. Please note that further time is required to compile existing capitalisation policies of AAD for tax purposes which provides guidelines for distinguishing wh~n expenditure is classified as capital or immediately deductible for tax purposes. This information will be provided in our response to the proposed Regulatory Information Notice (RIN) , that-we understand the AER intends to serve to ActewAGL Distribution (Evoenergy) , sometime after 28 September 2018.
11 . Please note that further time is required to compile a summary of total expenditure which is included in the regulatory fixed asset register, but has beer treated as immediately deductible for income tax purposes, in respect of income tax returns lodged in the past five years. This information will be provided in our response to the proposed Regulatory Information Notice (RIN), that we understand the AER intends to serve to ActewAGL Distribution (Evoenergy) , sometime after 28 September 2018.
Appendix B: Additional optional question
12. No response is provided as the majority of considerations mentioned in the question do not impact upon AAD.
Yours sincerely
Steven Skourakis Chief Finance Officer ActewAGL
ActewAGL House 40 Bunda Street Ca nberra ACT 2600 I GPO Box 366 Canberra ACT 2601 t 13 14 93 I actewagt.com.au
.).ctewAGL Otstr1b1..thJnABN 76670 568 6a8 ~ p,utn&rshlpof Jemin• Ntt'M'.)(G {ACT1 ?ty Ud AaN 2-iOJS SSZ 663ind Ico n Q1srnbuuon !n'tleSi:mmts Llmltlld A.BN 8307J 025 22'.
