Region: East Asia and Pacific
Keywords: Public Sector
The Queensland Competition Authority is Queensland’s economic regulator. It helps prevent monopoly businesses from inappropriately using their market power—by setting or monitoring prices, or through other arrangements.
The businesses it regulates own or operate vital infrastructure in Queensland, such as railways and ports, or they deliver essential services, such as water and energy. Because of regulation, prices are competitive, and those who need to use infrastructure can do so fairly.
It also promotes the principle of competitive neutrality—so that public sector businesses compete with private sector businesses on an equal basis and do not have a competitive advantage just because they are government-owned.
Updated: October 25, 2021