Port Management Act 1995

The objectives of this Part are—

to promote efficient use of, and investment in, the provision of prescribed services for the long-term interests of users and Victorian consumers; and

to protect the interests of users of prescribed services by ensuring that prescribed prices are fair and reasonable whilst having regard to the level of competition in, and efficiency of, the regulated industry; and

to allow a provider of prescribed services a reasonable opportunity to recover the efficient costs of providing prescribed services, including a return commensurate with the risks involved; and

to facilitate and promote competition—

between ports; and

between shippers; and

between other persons conducting other commercial activities in ports; and

to eliminate resource allocation distortions by prohibiting a State sponsored port operator from providing a relevant service at a price lower than the competitively neutral price for that service.

In this section, competitively neutral price, State sponsored port operator and relevant services each have the meaning given to them by section 49R.