One of the Commission’s roles under the regime is to regulate prices for the Port of Darwin. The regime specifically states the Commission must use price monitoring as the form of price regulation for prescribed services.
When monitoring price levels, the Commission uses benchmarking against the National Consumer Price Index as a reference point. Benchmarking enhances transparency by comparing changes in prices over time and providing that information to port users and stakeholders, through the Commission’s Annual Ports Price Monitoring Report and Annual Report to the Minister.
As required by the regime, the Commission has made a price determination for the Port of Darwin, which sets out how the Commission will monitor and report on prices, requirements for the publication of prices, changes to prices, and annual reporting obligations of the private port operator.