ACCC Turns Attention To Telecomms Sector
The ACCC will have its eye on the Australian communications industry in 2017 with the regular set to conduct a market study on the sector.
ACCC Chairman Rod Sims announced the move during a dinner at the annual ACCC/AER Regulatory Conference.
According to the ACCC, “The Australian communications sector is going through significant change. In addition to global developments in technology and product innovation, the Australian industry is experiencing major structural change as the NBN is deployed and consumer preferences for, and use of, communications services change.”
“Rapidly evolving technological developments, structural change within the sector, product innovation, and changing consumer preferences are all contributing to this change” Sims said.
“We recognise the communications sector is one that all Australians have an interest in, and one that facilitates economic growth. Importantly, the study will also allow the ACCC to consider a wide range of interrelated issues that have been raised by the sector and that go to the proper functioning of the market.”
Having already conducted a number of preliminary consultations with various stakeholders, the ACCC will proceed with an issues paper and will release a draft of its findings for comment prior to completing the market study itself in 2017.