Common sense decision on Newcastle port
The statement below is attributable to Port of Newcastle CEO Craig Carmody:
“The NCC’s recommendation was founded on robust legal and economic arguments for its position, and the NCC stuck to its guns in the face of some considerable pressure from other parties.
“This is a victory for a common-sense approach to regulation. The outcome is consistent with the intent of the legislation as originally envisaged by the Productivity Commission and re-endorsed by the Australian Parliament in 2017.”