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Airport pricing, investment and services review



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Anthony Albanese Minister for Infrastructure and Transport

Bill Shorten Assistant Treasurer

Joint Media Statement

AIRPORT PRICING, INVESTMENT AND SERVICES REVIEW

The Gillard Labor Government has asked the Productivity Commission to investigate airport pricing, investment and services as part of a major public inquiry into the economic regulation of major Australian airports.

We have brought this inquiry forward to shine a spotlight onto a range of charges at the nation’s major airports including Sydney, Melbourne, Brisbane, Adelaide and Perth.

The inquiry is being brought forward from 2012 in response to the Australian Competition and Consumer Commission’s (ACCC) Airport Monitoring Report, which was released earlier this year.

In that report, the ACCC stated, for example, that car parking prices at all monitored airports “…are consistent with charges reflecting an element of monopoly rent.”

The Government has asked the Productivity Commission to assess the effectiveness of current economic regulation of airports in supporting ongoing investment in aviation infrastructure while deterring potential abuses of market power.

In line with the Government’s urban policy agenda to make our cities more productive, liveable and sustainable, the inquiry will also review the provision and quality of land transport facilities for those wanting to access to our airports.

We recognise that Australia’s airports are a vital component of our national transport network and make a significant contribution to the nation’s economy.

This inquiry is about providing the Government with advice on making sure that airports’ economic regulation serves its purpose of balancing public expectations with industry needs.

We encourage airport operators, the aviation industry, users of airports and local communities to engage with the inquiry and have their say on the future regulation of airports.

**Terms of reference attached.

For more information, go to: www.pc.gov.au.

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Thursday, 9 December 2010

Media Contacts For Mr Shorten: Shannon Walker 0414 694 476

For Mr Albanese: Jeff Singleton 0410 476 890

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