30-Apr-2013 11:56 AM

Commerce Commission reports positive effect of disclosure regulations on Auckland Airport

New Zealand's Commerce Commission released (30-Apr-2013) its draft report on the effectiveness of the information disclosure regulatory regime in relation to Auckland International Airport. Commerce Commission deputy chair Sue Begg said the regulation had a positive influence on the airport's behaviour and limited its ability to extract "excessive profits." Ms Begg said the airport's expected return of 8% p/a for the 2013-2017 pricing period is within the Commission's estimated range of a reasonable return. Ms Begg said, "Auckland Airport has made a number of positive changes to its price setting approach during the short time information disclosure regulation has been in place... Auckland Airport has also improved the way it sets prices to collect revenue for different services and from different consumers. Quality generally reflects the demands of airlines and passengers, and innovation levels seem appropriate." [more - original PR - I] [more - original PR - II]

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