The Australian Competition and Consumer Commission (ACCC) has revoked regulations requiring Telstra to report its wholesale and retail operations separately.

The Accounting Separation Record Keeping Rules will no longer apply to the telecommunications provider. The decision follows the Minister for Communications Malcolm Turnbull's revocation of the ACCC's monitoring obligation.

The accounting separation reporting framework was introduced to provide transparency over the telco's wholesale and retail operations to determine whether it was discriminating against its wholesale customers in favour of its retail business.

These reporting requirements have been replaced with what the ACCC claims is a "more comprehensive reporting framework" under Telstra's Structural Separation Undertaking (SSU), approved on February 2012 and implemented March 2012.

According to Telstra, the SSU commits it to structural separation by July 1, 2018 and outlines the measures it will put in place for transparency in the supply of regulated fixed network services to wholesale customers and supply of comparable services to retail customers during the transition to the National Broadband Network (NBN).