Government ruling on Sydney Airport domestic charges overturned
SYDNEY (Sydney Airport) - Sydney Airport Corporation Ltd (SACL) today expressed its disappointment at the Australian Competition Tribunal's (ACT) decision to overturn a Government decision to maintain light handed access regulation of domestic airside facilities.
The Government's decision in January 2004 endorsed the recommendation by the National Competition Council (NCC) that regulatory intervention into the terms of access to Sydney Airport domestic airside facilities was not required.
Importantly the Tribunal's decision refers only to domestic airside services. This represents $ 49.2 million or less than 10% of Sydney Airport's revenues in FY05. "Sydney Airport's domestic runway charge is already the lowest passenger-based charge in Australia," Mr Max Moore-Wilton, CEO and Executive Chairman of SACL said.
"Sydney Airport would be closely examining the full decision once it was handed down on 12 December," Mr Moore-Wilton said.
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