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ACCC warns on port privatisations

AAP logoAAP 20/10/2016

The consumer watchdog has warned there is no proper government constraint to prevent monopoly pricing at privatised ports.

Australian Competition and Consumer Commission Chairman Rod Sims said governments needed to do more in terms of regulatory constraints during privatisation processes to ensure proper pricing at ports, adding the current framework was not sufficient.

Speaking at a ports conference in Melbourne, Mr Sims also questioned moves by governments to sweeten deals for port buyers by imposing arrangements that would lead to little or no prospect of competition in the future.

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