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The potential for privatisation of ports needs to address the benefits to the economy, not just maximise returns to government.

The need to elevate competition in our public policy

I tend to think of competition policy a bit like defence: it requires eternal vigilance and strong proponents. There will always be those with a large interest in its absence, to the detriment of the many.

Australia’s low productivity, calls for Australia to create “national champions”, or to allow industries to consolidate in response to low investment returns, and the privatisation of assets in ways that hinder future competition to maximise one-off gains, all suggest that Australia has lost a lot of the pro-competitive culture that it gained from the 1990s National Competition Policy.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 31/08/17

1 year TSR5 year TSR
220thFortescue Metals Group30%15%
717 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

23/08/17
$510k Bought
20/04/17
$52k Bought
03/11/16
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Total value as at the date of the transaction
Source: Morningstar

Revenue

th-Fortescue Metals Group$10,999.7m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

4thNev Power$5.324m
662ndMark Barnaba$223k
780thSharon Warburton$170k
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