ACCC concerned by NCC’s draft recommendation on Port of Newcastle
The ACCC is extremely concerned about the potential removal of regulation of the shipping channel service at the Port of Newcastle following the release of the National Competition Council’s (NCC’s) preliminary view to recommend that the Treasurer revoke declaration of the service.
The port provides the only commercially viable means of exporting coal from the Hunter Valley region in New South Wales. The port was privatised in 2014 via a 98-year lease to Port of Newcastle Operations.