Privatisation has damaged the economy, says ACCC chief

By Patrick Hatch
Updated July 27 2016 - 9:20am, first published 12:15am
ACCC chairman Rod Sims says privatisation is hurting productivity. Photo: Vince Caligiuri
ACCC chairman Rod Sims says privatisation is hurting productivity. Photo: Vince Caligiuri
A deal to privatise the Port of Melbourne was struck in March with conditions that restricted competition from other ports. Photo: Joe Armao
A deal to privatise the Port of Melbourne was struck in March with conditions that restricted competition from other ports. Photo: Joe Armao
Deregulating the electricity market and selling poles and wires in Queensland and NSW, meanwhile, had seen power prices almost double there over five years. Photo: Glenn Hunt
Deregulating the electricity market and selling poles and wires in Queensland and NSW, meanwhile, had seen power prices almost double there over five years. Photo: Glenn Hunt

Selling public assets has created unregulated monopolies that hurt productivity and damage the economy, according to Australia's consumer and competition tsar, who says he is on the verge of becoming a privatisation opponent.

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