Commonwealth legislation

Trade Practices Act 1974 - Direction No. 29

RepealedCTH

This Act has been repealed and is no longer in force. It is retained for historical reference.

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Commonwealth

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legislative instrument

Plain English Summary

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What this does: This order requires Australia's competition watchdog — the ACCC — to formally monitor the prices, costs and profits that the five largest airports charge for essential aviation infrastructure.

Who it covers: The operators of Sydney, Melbourne (Tullamarine), Brisbane, Adelaide and Perth airports.

What's being watched: "Aeronautical services and facilities" — meaning runway access, aircraft parking, terminal gates and other essential infrastructure that airlines need to operate (using the definition in the Airports Regulations 1997).

The requirement: The ACCC must report to the responsible Minister every year after each financial year ends on what these airports are charging and earning.

Why it matters: This ensures transparency in monopoly airport pricing, helping keep air travel costs in check for airlines and passengers. This direction replaced an earlier monitoring order from 2002.

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Trade Practices Act 1974 - Direction No. 29

COMMONWEALTH OF AUSTRALIA

Trade Practices Act 1974

DIRECTION NO 29

I, Christopher John Pearce, Parliamentary Secretary to the Treasurer, pursuant to section 95ZF of the Trade Practices Act 1974, hereby give the following direction:

The Australian Competition and Consumer Commission (ACCC) is to undertake formal monitoring of the prices, costs and profits related to the supply of aeronautical services and facilities by the following persons:

(a) Sydney Airport Corporation Limited (Sydney Kingsford Smith Airport);

(b) Australia Pacific Airports Corporation Limited (Melbourne Tullamarine Airport);

(d) Adelaide Airport Limited (Adelaide Airport); and

(e) Westralia Airports Corporation Pty Limited (Perth Airport).

In this direction, ‘aeronautical services and facilities’ has the same meaning as that applying from time to time under Part 7 of the Airports Regulations 1997.
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.
This Direction takes effect from 1 July 2007 and replaces Direction No. 27 of 26 June 2002.

CHRISTOPHER JOHN PEARCE

28th June 2007

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

1 Trade Practices Act 1974 - Direction No. 29