Under Part VIIA of the Trade Practices Act 1974 the ACCC is responsible for the monitoring of prices, costs and profits relating to aeronautical services for the five major airports—Sydney, Melbourne, Brisbane, Perth, Adelaide—under direction no. 29.
Price monitoring and financial reporting guideline
Changes have been made to the previous version of the guideline relevant to prices monitoring and financial reporting. These include: • establishing a ‘line in the sand’ asset base for monitoring purposes, including accommodation of divergence in statutory and regulatory reporting requirements • changing the airports covered by the monitoring regime • changing the definition of aeronautical services.
Stakeholders, including airports and airlines, were invited to make public submissions on the draft airport reporting guideline: prices monitoring and financial reporting. Comments were due on 26 October 2007. The submissions to the draft guideline, the prices monitoring and financial reporting extract of the guideline and statement of reasons document, which outlines issues identified by stakeholders in response to the draft guideline and the ACCC's assessment of those issues, are available on this website.
