Competition and Consumer Act 2010 - Monitoring of the Prices, Costs and Profits Relating to the Supply of Aeronautical Services and Facilities at Specified Airports in Australia

Link to law: https://www.comlaw.gov.au/Details/F2012L01271

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Commonwealth of Australia
 
 
 
Competition and consumer act 2010
 
 
 
MONITORING OF THE PRICES, COSTS AND PROFITS RELATING TO THE SUPPLY OF aeronautical services and facilities at specified airports IN AUSTRALIA
 
I, David Bradbury, Assistant Treasurer, pursuant to section 95ZF of the Competition and Consumer Act 2010, hereby give the following direction:
 
1.             The Australian Competition and Consumer Commission (ACCC) is to undertake formal monitoring of the prices, costs and profits related to the supply of aeronautical services and facilities by the following persons:
a)             Sydney Airport Corporation Limited (Sydney Kingsford Smith Airport);
b)             Australia Pacific Airports Corporation Limited (Melbourne Tullamarine Airport);
c)             Brisbane Airport Corporation Pty Limited (Brisbane Airport); and
d)            Perth Airport Pty Ltd (Perth Airport).
2.             In this direction, ‘aeronautical services and facilities’ has the same meaning as that applying from time to time under Part 7 of the Airports Regulations 1997.
3.             The ACCC is to report to me on its monitoring activities in paragraph (1) at the time which is as soon as practicable following the end of each financial year.
4.             This Direction takes effect from 1 July 2012 and replaces Direction No. 29 of 28 June 2007, under the former Trade Practices Act 1974.
 
 
Dated this            12th                             day of                     june  2012
 
 
 
 
 
David Bradbury
Assistant treasurer