The Queensland Government has welcomed the Federal Government’s decision to certify Queensland's coal rail network access regime
January 21, 2011
The Queensland Government has welcomed the Federal Government’s decision to certify Queensland’s coal rail network access regime.
Queensland Treasurer Andrew Fraser says the regime has been certified for a period of 10 years.
“This certification is an endorsement of the policy parameters the Government put in place for the central Queensland coal rail network access regime ahead of the public float of QR National,” Fraser says.
“This decision means the network’s regulation will stay under the jurisdiction of the Queensland Competition Authority, as opposed to the national regulator.
“The Queensland Government has always maintained a policy of promoting fair competition and efficiency for access seekers on the coal track network.
“This is the final tick of approval that provides certainty for mining companies, QR National and other parties alike.
“I congratulate the Federal Government for supporting the Bligh Government’s commitment to a fair, competitive resources industry in Queensland.”