its services, container and motor Review of Victorian Ports Regulation: Final Report in vehicle services. This August 2014. The of analysis takes into account the review was to make the following factors: recommendations to the The existence of barriers to Minister for Finance who entry: obstacles to new administers the Essential market entry by alternative Services Commission Act providers and may include 2001. The recommendations physical, economic or concern whether or not regulatory barriers. prescribed port services Competition between ports: should be subject to price the potential for rivalry regulation and the form of between ports in providing that regulation. The review port services, including covers only those port whether there are any other services that are prescribed services which could be used by the Port Management Act in place of the prescribed Further, the review 1995. services by the Port of was conducted in the context Melbourne Corporation. of the existing legislative, Countervailing market power: regulatory, and ownership where a monopoly service arrangements, and does not provider’s customer(s) also consider potential changes in hold some degree of market ownership arrangements power, strengthening the regarding the Port of customer’s bargaining Melbourne. position with the Port of The assessment of market Melbourne Corporation. This entailed analysis of the may occur if the customer is potential for competition in a large or the sole user of the provision of the port facilities; or if the prescribed services within customer has the ability defined markets for channel
its Review of Victorian Ports Regulation: Final Report in August 2014. The of the review was to make recommendations to the Minister for Finance who administers the Essential Services Commission Act 2001. The recommendations concern whether or not prescribed port services should be subject to price regulation and the form of that regulation. The review covers only those port services that are prescribed by the Port Management Act 1995. Further, the review was conducted in the context of the existing legislative, regulatory, and ownership arrangements, and does not consider potential changes in ownership arrangements regarding the Port of Melbourne. The assessment of market entailed analysis of the potential for competition in the provision of the prescribed services within defined markets for channel services, container and motor vehicle services. This analysis takes into account the following factors: The existence of barriers to entry: obstacles to new market entry by alternative providers and may include physical, economic or regulatory barriers. Competition between ports: the potential for rivalry between ports in providing port services, including whether there are any other services which could be used in place of the prescribed services by the Port of Melbourne Corporation. Countervailing market power: where a monopoly service provider’s customer(s) also hold some degree of market power, strengthening the customer’s bargaining position with the Port of Melbourne Corporation. This may occur if the customer is a large or the sole user of port facilities; or if the customer has the ability
Network%20December%202014.DOCX