August 25, 2011
CBH gets Western Australian port access decision draft
CBH Group has received the draft decision published by the Australian Competition and Consumer Commission (ACCC) about access arrangements at its port terminals in Western Australia after starting October.
CBH said that the ACCC has not yet made a final decision on whether to accept the proposal, but the ACCC's preliminary view is that the existing arrangements, including the current auction system, should be retained.
The draft decision is in response to a proposed undertaking submitted by CBH in March.
CBH noted that the ACCC was also of the preliminary view that if the revised draft undertaking provided by CBH in August was submitted, it would accept the undertaking. The revised undertaking retained the existing auction system and addressed other issues identified by the ACCC in the original proposal.
CBH said it will examine the matters raised by the ACCC in its latest statement and will work with the commission to finalize the arrangements in a timely manner before September 30.
CBH said it also welcomes the ACCC's acknowledgement that the option remains open for it to provide further information to ease the ACCC's concerns about the baseload port capacity allocation system proposed by CBH in its original undertaking proposal.