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Competition Regulation of Infrastructure: Getting the Balance Right

Chairman's speech

On 14 March 2002, the Chairman Gary Banks presented a paper to the IIR Conference, National Competition Policy 'Seven Years On' in Melbourne.

Contents

There was a pressing need for infrastructure reform

The gains from reform have been substantial

What is pro-competition regulation?

Competition is a means, not an end in itself

The 'natural monopoly' problem

Investment matters too

Regulators need statutory guidance

Summing up