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Tuesday, 22 May 2001
Page: 26774

Mr Martin Ferguson asked the Minister for Financial Services and Regulation, upon notice, on 1 March 2001:

(1) With respect to the draft decision of the ACCC relating to the Sydney Airport Corporation Limited aeronautical pricing proposal released on 16 February 2001 and requiring responses by 5 March 2001, did he or his Department receive complaints about this deadline and the short amount of time available to prepare responses; if so, from whom.

(2) Who made the decision to impose this deadline and why.

(3) Did he consider an extension of time; if so, why was it rejected.

Mr Hockey (Minister for Financial Services and Regulation) —The answer to the honourable member's question is as follows:

(1) No.

(2) The decision to require responses by 5 March 2001 was made by the ACCC as part of its assessment process. The public consultation process extended over a five month period and followed a consultation process between Sydney Airport and airport users of almost a year.

In setting the deadline for responses the ACCC advises me that it weighed up the potential benefits from extending the process against the need for a timely response to SACL's proposals.

(3) See answer to (2).