Aurizon welcomes positive vote on Queensland Train Crew and Transport Operations Enterprise Agreement
Update on Queensland Enterprise Agreements
Aurizon renews coal haulage contract for Dawson and Callide Mines with Anglo American and Mitsui
Aurizon uses drones to inspect rail assets
Aurizon welcomes Fair Work Commission decision to terminate Enterprise Agreements
Aurizon welcomes SIMTA and MIC Moorebank agreement
Aurizon reaches in principle agreement with unions on train crew EA
Aurizon welcomes positive vote on Queensland Construction and Maintenance Enterprise Agreement
Aurizon sets up Perth hub
Aurizon chief Lance Hockridge not done shaking up rail giant
The competition regulator will appeal a controversial federal court decision governing access to Queensland's rail network, saying it placed too much faith in undertakings by the companies involved.
In May, the federal court waved through Aurizon's sale of its Acacia Ridge Terminal in Brisbane to National Pacific for $205 million, overruling opposition from the Australian Competition and Consumer Commission (ACCC).
Aurizon will defend the original decision.CREDIT:GLENN HUNT
A key plank of that decision was an undertaking from Pacific National governing how competitors could get access to the terminal that the company offered on the final day of the proceedings.
ACCC chairman Rod Sims said the regulator would argue the court erred by accepting the undertaking and then using that to determine the question of the deal's competitive impact.
“This appeal is crucial to Australia's merger regime because acceptance of undertakings of this kind by the Court means that anti-competitive mergers could be approved, and this has the potential to damage the Australian economy,” Mr Sims said.
This article first appeared on www.smh.com.au
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2019 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.