Australia's infrastructure monopolies should face threat of big stick, says competition watchdog
By Ryan Cropp ( June 12, 2024, 04:25 GMT | Insight) -- Operators of Australia’s essential infrastructure assets should be threatened with government intervention if they are found to be engaging in monopoly pricing, according to the country’s competition watchdog. In a submission to a major government competition policy inquiry, the Australian Competition & Consumer Commission said price monitoring practices alone could not constrain monopoly pricing by infrastructure operators, yet competition laws governing such assets had not evolved substantially since 1995.Operators of Australia’s essential infrastructure assets should be threatened with government intervention if they are found to be engaging in monopoly pricing, according to the country’s competition watchdog....
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