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Asciano Wants Queensland Coal Rail Regulated by ACCC

By Joel ScanlonSep 15 2010

Asciano Group (AIO), a transport infrastructure business, with a focus on ports and rail, is asking for a declaration so that the Queensland coal rail network is regulated by the Australian Competition and Consumer Commission (ACCC) after the public float of Queensland's coal and bulk freight network.

This comes in response to the Queensland government's announcement to apply to the National Competition Council (NCC) to keep regulation of rail access in the hands of the Queensland Competition Authority. The NCC has also backed the state in a draft it released and rejected Asciano's application.

The Queensland Treasurer Andrew Fraser has welcomed the draft decision taken by the NCC. Mr Fraser said that competition was a key feature of the network. It has been welcomed and encouraged by the government and that is precisely why Pacific National trains are on the tracks today.

Asciano Group is the parent company of the rail operator Pacific National. It has said that it will push the case until a final decision is taken later this year.

Asciano's portfolio includes Pacific National and Patrick's.

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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Scanlon, Joel. (2019, March 19). Asciano Wants Queensland Coal Rail Regulated by ACCC. AZoMining. Retrieved on November 21, 2024 from https://www.azomining.com/News.aspx?newsID=329.
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Scanlon, Joel. "Asciano Wants Queensland Coal Rail Regulated by ACCC". AZoMining. 21 November 2024. <https://www.azomining.com/News.aspx?newsID=329>.
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