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Current legislative framework doesn't create an appropriate balance between various parties. Major parties such as manufacturers or traders take unfair advantage of unregulated costs with regards to Utility Meter Verification Process under NITP14 specification.
1: Accredited Utility Meter Verifies are mainly product manufacturers OR product traders (not independent laboratory). They acquire accreditation to test their own instruments. When third party businesses (competitors), who do not have NITP14 accredited laboratory, approach local accredited verifies; they charge significantly high fee to test instruments under NITP14 i.e. taking huge advantage from unregulated costs. Such high verification costs create financial pressure on small importers/traders. In other words, major manufacturers and instrument traders force small importers to increase their prices because of high verification cost. This whole scenario creates monopoly for major market players affecting fare market competition negatively.
2: Currently NMI accepts local Australian labs as Utility Meter Verifies. This is another reason for major business to create market monopoly by charging extremely high verification fee (considering NITP14 costs are not regulated).
3: NITP14 fee/costs must either be regulated OR NMI should accept test results from overseas accredited labs. Only those overseas test reports should be acceptable where testing laboratory has same accreditation level as Australian NITP14 accredited labs.
For example, Australian labs are IEC 17025 certified (NATA Accredited). Overseas labs with similar qualification and ability to meet NITP14 specification should also be accepted as Utility Meter Verifies and their test reports should be acceptable to comply verification process/testing. Please note that most qualified overseas labs have local accreditation recognised by NATA Australia under ILAC (International Laboratory Accreditation Cooperation) and MRA (Mutual Recognition Agreement). If NATA Australia accepts overseas laboratory test results and accreditation, why such overseas can't be used for NITP14 instrument verification?