ACCC urging governments to sell Australia Post
THE competition watchdog is urging governments to sell assets to boost national productivity.
The Australian Competition and Consumer Commission chairman Rod Sims says the root and branch review of competition policy by the Federal Government should be as broad as possible, as privatisation and more competitive markets offer the best possibility of productivity improvements.
Mr Sims says, for a start, state governments should privatise energy companies, a move he believes will bring down electricity prices.
"When the private sector owns assets that does provide better incentives for better performance," he told ABC's News Radio.
"I did comment on the energy sector, which is a sector I know fairly well. I'm quite confident that had the network assets in NSW and QLD been owned by the private sector we'd probably have lower electricity prices than we do now."
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