Slide 1: ASX cover letter: ACORE Annual Forum
17 October 2005 The Manager Company Announcements Office Australian Stock Exchange 4" Floor, 20 Bridge Street SYDNEY NSW 2000 ELECTRONIC LODGEMENT Dear Sir or Madam Office of the Company Secretary Level 44 242 Exhibition Street MELBOURNE VIC 3000 AUSTRALIA Telephone 03 3634 6400 Facsimile 03 9632 32
Slide 2: Telstra
Telstra
Slide 3: Principles of regulation
So seoseesaee | a "elstra « Protect consumers - « Be effective and effi
Slide 4: Telstra Specific Regulation
Telstra Specific Regu Network Reliabi lity Framework Priority Assistanc Internet Assisi Program Directory Telstra
Slide 5: How did this come about?
How felie this come abo it , ; | 1 | -etstra = Four unsustainable u = History iiiiiiiiiiiiiii ii iii nit ii (i iii niin;
Slide 6: Is it fair?
Is it fair? ce : _ L Telstra Clearly not competi stra aa Different r J a y Lil i _ 7 | | | — ee
Slide 7: Dr Tony Warren speech introduction
Dr Tony Warren Introductory remarks to the The Australian Centre of Regulatory Economics’ (ACORE) annual forum 17 October 2005 University House, ANU Broad forum topic: ‘Introducing Competition in Network industries’ Telecommunications topic: ‘Retail Price Regulation to go!’ Introduction Thanks for t
Slide 8: Principles of regulation
This first list here is drawn from the ORR and the principles of regulation that underpin the Federal Government Regulatory Impact Statements. According to these principles regulation should: - Generally, protect the interests of consumers and other affected members of the public (‘consumer protecti
Slide 9: Asymmetric regulatory burden and the regulations
Also | would like to make clear that there are some regulations where we accept the inevitably of asymmetric burden. For example, only Telstra can supply unbundled copper loops to our competitors because by and large we are the only supplier of that service in Australia where competitive neutrality
Slide 10: White Pages, IPND, price controls and USO
White Pages — Every year Telstra must produce an alphabetical public number directory in all areas which includes all customers of carriage service providers supplied with a standard telephone service, regardiess of which provider supplies the service; and must provide the directory to its own custo
Slide 11: Costs of social policy regulation and competitive neutrality
The result is that social policy regulation requires Telstra to face costs that are nationally averaged, but competition regulation allows Telstra's competitors access to its network on a geographically de-averaged basis. Again, clearly an example of asymmetric regulatory burden, which if competitiv
Slide 12: Arguments about asymmetric regulation
asymmetric regulation is every bit as common today as it was in the statutory monopoly period. Third, there is an argument that is increasingly common amongst the regulators and itis an essentially a ‘tax the rich argument’. Basically, the view seems to be that Teistra makes significantly larger pro
Slide 13: USO funding debate and close
If the debate that has occurred on USO funding over the years is any indication, this will be a debate that our competitors do not want to have — but it is important that we do. Thank you. ACORE speech Page 7 of 7