Competition Regulation of Infrastructure: Getting the Balance Right
On 14 March 2002, the Chairman Gary Banks presented a paper to the IIR Conference, National Competition Policy 'Seven Years On' in Melbourne.
Download the speech
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