The Government’s new plan for wheat port regulation is a clever political fix, but bad policy.
In a classic “Friday afternoon drop”, the Abbott Government has announced it will proceed with Labor’s Code of Conduct but will exempt the country’s biggest monopoly and stop the path to full de-regulation.
It’s a political fix designed to address the fight between the Government’s east coast and west coast MPs and Senators.
The losers will be the growers and Australia’s international competitiveness.
The policy will stifle competition, distort the market, and will result in some parts of the country and some companies being regulated and others not.