Law and Economics of Access Regulation 730725

A candidate who has successfully completed the subject should:

Understand the policy intentions underpinning third party access regimes in Australia;
Have a clear understanding of the economic theory and principles behind the regulation of third party access regimes;
Be aware of and understand the current legislation relevant to third party access regimes in Part IIIA and XIC of the Trade Practices Act 1974 (the TPA);
Be able to understand the economic and legal meaning of key considerations and legislative criteria associated with access regimes (eg. promotion of competition; economically efficient use and operation of facilities and infrastructure; legitimate business interests of an access provider etc.);
Have a firm understanding of the relevant regulatory and case law history associated with the declaration of services; and the setting of prices in relation to declared services associated with third party access regimes in Australia;
Be able to compare and contrast the regimes as they operate under Part IIIA and Part XIC of the TPA;
Understand the practice and procedure associated with declaration application considerations, access price undertaking assessments and arbitration determinations; and
Be able to understand and form views on arguments relating to “gaming” of third party access regimes and whether the existing legislation in the TPA is capable of achieving the underlying policy intentions of third party access regimes.

Underlying economic principles and policy intention behind third party access regimes in Australia
Outline of third party access regimes in Part IIIA and Part XIC of the Trade Practices Act 1974 (the TPA)
Consideration of previous and ongoing examples of the application of access regimes in Australia
Legal and economic meaning of key terms and expressions in access regimes (e.g. promotion of competition; efficient use/operation of infrastructure/facilities; legitimate business interests of access provider etc);
Assessment of whether current legislation is well-designed to achieve the objectives of third party access regimes in Australia.

Melbourne Law School The Melbourne Law Masters