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Regulating Australia's infrastructure: Looking forward

Chairman's speech

On 14 August 2002, the Chairman Gary Banks presented a paper to the 'National Infrastructure Summit' hosted by The Australian Financial Review and AusCID, Melbourne.

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  • Contents


The need to allow for regulatory error

Better diagnosis
Competition is a means to an end
Markets should not be defined mechanically
Market power is not always inefficient

Stronger standards of evidence
Regulatory accountability and transparency
Revocation when things change

More light-handed instruments
Competitive tendering
Price monitoring
Special provisions for new investment

Looking forward