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Newastle to be opened to trade to reboost economy! (Read 115 times)
Grappler Truth Teller Feller
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Newastle to be opened to trade to reboost economy!
Nov 8th, 2022 at 5:26pm
 
https://www.cessnockadvertiser.com.au/story/7972917/deal-struck-to-unshackle-new...

"An effective monopoly over almost all products entering NSW by sea is set to be broken up by a bill to "unshackle" the Port of Newcastle.

The port in NSW's second biggest city handles few containers because of compensation provisions established when the state government sold ports at Botany and Kembla in 2013.

The monopoly lasts for 50 years and affected the later $1.7 billion sale of the Port of Newcastle.

But under a plan that passed the lower house of parliament on Tuesday, the current restrictions on the Port of Newcastle would be extinguished once the owners pay a new sale price, set as if the monopoly was not in effect.

Greg Piper's bill to "unshackle the Port of Newcastle from controversial restrictions" now has the support of the government, the independent Lake Macquarie MP said on Tuesday.

"I've agreed to a government amendment to provide a clear path for the port to diversify into containers without the unfair penalties placed on it," he said.

"It will create thousands of future jobs, attract billions in private investment, and this deal won't leave taxpayers on the hook for compensating the Sydney monopoly."

Mr Piper says the bill also has crossbench support."


Did you ever hear of such utter garbage?  Penalties for being too good at shipping goods because some arsehole mate bought Port Botany and Port Kembla, let alone 'selling' ports at all in the first place. Never any need for it - costs more to run, and the profits unwarranted from running it go Offshore, and the enforced 'need' to ship export materials to Melbourne or Sydney or Wollongong add to the costs (thus fueling neo-impoverishment of Australia and boosting costs of living via higher costs for finished products, and thus fueling inflation.

Only a stupid government would even entertain such an idiotic idea - and then saddle the outlet for one of the most prolific exporting hubs with penalties for doing too much trade...

We want our ports and everything else back and we want the idiots who came up with this thievery punished!
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