Regulatory objectives

The objectives of the regulatory framework are set out in the Port Management Act 1995 (Vic) and include:

  • promoting the efficient use of, and investment in, the provision of Prescribed Services for the long-term interests of users and Victorian consumers
  • ensuring tariffs for Prescribed Services are fair and reasonable whilst having regard to the level of competition in, and efficiency of the Port of Melbourne
  • allowing the Port of Melbourne to recover its efficient costs of providing Prescribed Services
  • facilitating and promoting competition between ports, shippers and third party operators.

 
See section 48 of the Port Management Act 1995 (Vic) for the full definition.

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