Accounting Separation Sample Clauses

Accounting Separation. There is no requirement for service providers other than licensed general and mobile carriers to provide details of accounting separations. All licensed general and mobile carriers (including Telstra) are required under the Telecommunications Act to undertake detailed and transparent accounting separation of their various business activities, to enable identification of cross-subsidisation from less competitive to more competitive activities. General licensed carriers are required to keep their accounts in conformity with a Chart of Accounts and Cost Allocation Manual (COACAM) developed by AUSTEL under s.80 of the Telecommunications Act. COACAM requires carriers to report financial data on each of 26 separate broad product lines. Access, local, trunk, mobile, value-added and international services are among the activities that need to be separately identified. Transparency In Tariffing As with accounting separation, service providers other than licensedgeneral and mobile carriers are not bound by any rules concerning transparency in tariffing. All licensed general and mobile carriers must publish their tariffs for basic carriage services. The dominant carrier must charge strictly in accordance with these tariffs, whereas non-dominant carriers may charge less (but not more) than the published tariff. Prohibition On Price Discrimination A licensed general or mobile carrier that is in a position to dominate a telecommunications market (a "dominant" carrier) is not allowed to discriminate between persons who acquire services in that market. Discrimination is defined in terms of charges for the services or the terms and conditions on which they are supplied. AUSTEL has the discretion to approve discrimination that is broadly cost-based, in the community interest or in the nature of a new product trial. It also has power to disallow, in respect of a dominant carrier, tariffs or provisions of tariffs that materially and adversely affect the development and/or maintenance of commercially sustainable competition in a market, or are likely to do so. Licensed general or mobile carriers are not allowed to discriminate, in the supply of basic carriage services, against resellers of basic carriage services, suppliers of higher level services, or their customers. A dominant carrier cannot favour itself when using its own basic carriage service to supply a higher level service or when using a basic carriage service that it has been directed to "unbundle" and supply.
Sample 1
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Accounting Separation. Policy: Alberta PowerLine shall have separate financial records and books of accounts from all Affiliates.
Sample 1

Related to Accounting Separation

  • Accounting System Maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP and maintain records pertaining to the Collateral that contain information as from time to time reasonably may be requested by Agent. Borrowers also shall keep an inventory reporting system that shows all additions, sales, claims, returns, and allowances with respect to the Inventory.

  • Accounting Format Applications for Payment shall be broken down by CSI Category and, in certain situations, by CSI Description and capital asset category, as set forth in the form for Application for Payment. The purpose is to provide appropriate backup documents for the Contractor’s Final Certification of Costs in conformance with GASB 34 accounting standards. See Section 7 – Forms, “Application for Payment” and Final Certification of Costs.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Annual Accounting The Custodian shall, at least annually, provide the Depositor or Beneficiary (in the case of death) with an accounting of such Depositor's account. Such accounting shall be deemed to be accepted by the Depositor or the Beneficiary, if the Depositor or Beneficiary does not object in writing within 60 days after the mailing of such accounting statement.

  • Legal and Accounting Services The Company may obtain legal and accounting services to the extent reasonably necessary for the conduct of the Company's business. SECTION 7 BOOKS OF ACCOUNT, ACCOUNTING REPORTS, TAX RETURNS, FISCAL YEAR, BANKING

  • Accounting and Financial Reporting 6.1. The Bank shall maintain separate records and ledger accounts in respect of the Contributions deposited in the Trust Fund account and disbursements made therefrom.

  • Accounting Period The Company’s accounting period shall be the calendar year.

  • Financial Services Compensation Scheme We are a participant in the Financial Services Compensation Scheme (the “FSCS”). As a retail client you may be eligible to claim compensation from the FSCS in certain circumstances if we, any approved bank, our nominee company or eligible custodian are in default. Most types of investment business are covered in full for the first £85,000 of any eligible claim. Not every investor is eligible to claim under this scheme: for further information please contact us, or the FSCS directly at xxx.xxxx.xxx.xx.

  • Separate Accounting Our policies may permit separate accounting to be applied to your SIMPLE IRA for the benefit of your beneficiaries. If permitted, separate accounting must be applied in accordance with Treasury Regulation 1.401(a)(9)-8, Q&A 2 and 3. A beneficiary is considered the only designated beneficiary of his/her share of the SIMPLE IRA assets if separate accounting applies.

  • Accounting Matters Unless otherwise stated, all accounting terms used in this Agreement shall have the meanings attributable thereto under IFRS and all determinations of an accounting nature required to be made hereunder shall be made in a manner consistent with IFRS.

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