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

Link to law: https://www.comlaw.gov.au/Details/F2012L01274

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now
 
 
Commonwealth of Australia
 
 
 
Competition and consumer act 2010
 
 
 
MONITORING OF THE PRICES, COSTS AND PROFITS RELATING TO THE SUPPLY OF car parking services 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 car parking services by the following persons:
a)             Sydney Airport Corporation Limited and any other person from time to time operating a car parking facility at Sydney Kingsford Smith Airport;
b)             Australia Pacific Airports Corporation Limited and any other person from time to time operating a car parking facility at Melbourne Tullamarine Airport;
c)             Brisbane Airport Corporation Pty Limited and any other person from time to time operating a car parking facility at Brisbane Airport; and
d)            Perth Airport Pty Ltd and any other person from time to time operating a car parking facility at Perth Airport.
2.             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.
3.             This Direction takes effect from 1 July 2012 and replaces Direction No. 31 of 7 April 2008, under the former Trade Practices Act 1974.
 
 
Dated this            12th                             day of         june  2012
 
 
 
 
 
David Bradbury
Assistant treasurer