Oz competition authority wades in to pricing dispute | Port Strategy

The Australian Competition and Consumer Commission (ACCC) made a declaration on port access services after coal exporter Glencore objected to major price increases, which the Port of Newcastle sought to overturn.

However, the court ruled against the port’s application. Ports Australia chief executive Mike Gallacher said the decision raised “serious questions about the long term economic viability of private investment in government’s privatisation or leasing of critical infrastructure”.

Mr Gallacher said the Federal Government should consider changing legislation to correct the situation.

The Australian Logistics Council has added its criticism and queried the ACCC’s involvement in port pricing. Managing director, Michael Kilgariff said the decision seems to point to increasing ACCC involvement in pricing and access at ports.

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Port Strategy | Oz competition authority wades in to pricing dispute.