News / ACCC says it learned about anti-competitive PCDs from local newspaper

Source: Port Botany

The Australian Competition & Consumer Commission (ACCC) claims it was unaware of “anti-competitive” port commitment deeds (PCDs) when the New South Wales government privatised Port Botany and Port Kembla.

Speaking exclusively to The Loadstar, ACCC Chair Rod Sims argued that the conditions for the privatisation of Australia’s largest facility, at Port Botany and Port Kembla, created an anti-competitive market that would ultimately harm Australian consumers, importers and exporters.

“When you have lots of competition within a market you get lower costs, it ...