Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Oz shipping lines criticise NZ Productivity Commission

Australian shipping companies criticise NZ Productivity Commission

Oct. 11 (BusinessDesk) – Shipping Australia is accusing the New Zealand Productivity Commission of poor number crunching when it concluded something needs to be done to stop shipping companies fixing prices.

The attack by the lobby group representing 35 shipping companies came in a submission to a draft report on strengthening trans-Tasman economic relations.

The New Zealand Productivity Commission was involved in the trans-Tasman study and in April published a separate report advocating regulatory clearance of price fixing and other anti-competitive arrangements in shipping. Shipping companies are exempt from competition law.

Shipping Australia found the New Zealand Productivity Commission’s freight report to be “extremely disappointing”.

“There was no economic analysis of the global state of international freight liner shipping or, in particular, the trans-Tasman trade between Australia and New Zealand,” the council said.

It would have been helpful if there had been rigorous economic analysis of the New Zealand situation, the council said.

There was nothing to suggest that the removal of the exemption from competition law would be in the public interest or in the interests of exporter and importers.

The council also argued that exemptions to international shipping companies were common and they had recently been extended by both Japan and Singapore.

The council wants the productivity commission to recommend only that more studies be undertaken on the issue.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gordon Campbell: On Tiwai Point (And Saying “No” In Greece)

Its hard to see how Rio Tinto’s one month delay in announcing its intentions about the Tiwai Point aluminium smelter is a good sign for (a) the jobs of the workers affected or (b) for the New Zealand taxpayer. More>>

ALSO:

Half Empty: Dairy Product Prices Extend Slide To Six-Year Low

Dairy product prices continued their slide, paced by whole milk power, in the latest GlobalDairyTrade auction, weakening to the lowest level in six years. More>>

ALSO:

Copper Broadband: Regulator Set To Keep Chorus Pricing Largely Unchanged

The Commerce Commission looks likely to settle on a price close to its original decision on what telecommunications network operator Chorus can charge its customers, though it probably won’t backdate any update. More>>

ALSO:

Lower Levy For Safer Cars: ACC Backtracks On Safety Assessments

Dog and Lemon: “The ACC has based the entire levy system on a set of badly flawed data from Monash University. This Monash data is riddled with errors and false assumptions; that’s the real reason for the multiple mistakes in setting ACC levies.” More>>

ALSO:

Fast Track: TPP Negotiations Set To Accelerate, Groser Says

Negotiations for the Trans-Pacific Partnership will accelerate in July, with New Zealand officials working to stitch up a deal by the month's end, according to Trade Minister Tim Groser. More>>

ALSO:

Floods: Initial Assessment Of Economic Impact

Authorities around the region have compiled an initial impact assessment for the Ministry of Civil Defence, putting the estimated cost of flood recovery at around $120 million... this early estimate includes social, built, and economic costs to business, but doesn’t include costs to the rural sector. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news