The Australian Airports Association (AAA) asked HoustonKemp to undertake an assessment of the extent to which the pricing of aeronautical services provided by four airports – Sydney, Melbourne, Brisbane and Perth – that are the subject of the airports price monitoring regime administered by the Australian Competition and Consumer Commission (ACCC) can be said to reflect the exercise of any market power.
Our analysis involved the estimation of a benchmark rate of return for an Australian airport and the return on aeronautical assets for each airport in each year during the period from 2002 to 2017.
This report was requested by the AAA as part of its submission to the Productivity Commission’s review of the performance of the regulatory regime for airports over the twelve months commencing late June 2018.
HoustonKemp congratulates the consortium of KKR, OTPP and PSP on entering into a board-recommended Scheme Implementation Deed to acquire Spark…Read more
Magazines distributed at newsagents and other outlets are experiencing steadily declining sales, but nevertheless retain a substantial readership base. Are…Read more
IPART asked us to prepare a report explaining the interaction between the licence provisions applying to the NSW electricity distribution…Read more
We recently prepared a report for IPART that assesses options for modifying the regulatory framework to provide the NSW distribution…Read more
Project EnergyConnect (PEC) is the proposed new interconnector between NSW and South Australia that is being developed jointly by TransGrid…Read more
Although shareholder class actions have become an established part of the Australian legal landscape, almost all claims have settled prior…Read more