On 16 March 2022, the AER released its determination on AusNet Services' cost pass through application. We are satisfied that the June 2021 storms meet the definition of a natural disaster pass through event, and that the materiality threshold to constitute a positive change event has been met. The AER has approved a positive pass through amount of $39,098,155 ($nominal, smoothed) to be recovered over the following four regulatory years: 

• $9,739,601 to be recovered in 2022–23
• $9,762,856 to be recovered in 2023–24
• $9,786,166 to be recovered in 2024–25
• $9,809,532 to be recovered in 2025–26.