The Business Council of Australia has made a submission on the draft report of the Productivity Commission review of the National Access Regime and the Competition and Infrastructure Reform Agreement.

The submission notes the commission’s finding that it cannot quantify the economic benefits of the National Access Regime and argues that there should be a greater focus on reducing costs and uncertainty in the final report.

The submission calls for the commission to provide more evidence to support its draft recommendations in favour of a new natural monopoly test and for the legislation of facilities extension and expansion powers of the ACCC.

Finally, the BCA submission reiterates our call for governments to upgrade national infrastructure and competition policies to provide a supportive environment for the investments Australia will need to support productivity and economic growth.

Submission to the Productivity Commission Inquiry into the National Access Regime and the Competition and Infrastructure Reform Agreement