ICCC

ICCC release pricing review

These are provided by the merged Water PNG Limited (Water PNG) throughout its service areas in the country.

Based on the submissions received on the Draft Report, which was released on 11th November 2022, the ICCC has now completed the pricing review.

The Final Report outlines the ICCC’s Final Determinations for the regulation of Water PNG’s water and sewerage services for the next five years, commencing 1st January, 2023.

The ICCC’s principal determination is that rates for water and sewerage services will continue to be regulated.

ICCC releases final MVIL report

The final report and contract have been updated after incorporating the submissions and comments received from all relevant stakeholders. The final report contains the ICCC’s determinations and new premiums paths that will be implemented in the new regulatory period, which will effective from 1st January 2023 to 31st December 2027. 

ICCC Approves Telstra Buyout of Digicel Pacific

ICCC Commissioner and CEO, Paulus Ain said while acknowledging that Telstra is one of the four big telecommunication operators in Australia, the ICCC has concluded that this Proposed Acquisition is not likely to have the effect of substantially lessening competition in any markets Digicel is currently operating in PNG, because Telstra has but very limited presence in PNG markets.

 

Mr Ain said the ICCC therefore decided to allow Telstra to acquire Digicel PNG and its subsidiaries.

 

Transfer invalid, ICCC says

The statement was directed to key government Ddepartments, statutory agencies, PNG Power Limited (PPL), Independent Power Producers (‘IPP), development partners and donors, the private business community and investors, and relevant stakeholders.

Retail Fuel Prices Increase

The Indicative Retail Prices for petrol, diesel and kerosene will all increase significantly on average, throughout PNG. 
 
  • Petrol prices will increase by 25.99 toea per liter.
  • Diesel prices will increase by 32.06 toea per liter.
  • Kerosene prices will increase by 30.91 toea per liter.
 
The significant increase in domestic fuel prices was mainly attributed to the 17.48 percent average price increase in crude oil prices from December 2021 to January 2022.  
 

Proactive Leadership To Address Power Issues

ICCC Commissioner and CEO, Paulus Ain said the impact of continuous power outages has affected electricity paying customers and businesses alike.

He said: “The various articles published on 16th November, 2021 in both dailies paints the unfortunate reality of PNG’s power sector, but the problems affecting PPL’s reliable power services cannot be rectified by PPL alone.”

Mr Ain said the problems affecting PPL need collaborative and coordinated effort from all key stakeholders and those continuous power problems are amplified by:

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Santos Seeks Approval For Merger

The ICCC has formally announced this to key stakeholders, the public and participants in the oil and gas industry, that it has received an Authorization Application from Santos Ltd, an Australian energy company.

The Authorization Application is consistent with section 82 of the ICCC Act 2002, for business, mergers and acquisition. This process allows a business to seek approval from the ICCC before proceeding with any business mergers and acquisitions that would otherwise raise serious concerns.

ICCC Approves Code-sharing For Airlines

On 9th of April, 2021, Link PNG lodged an application for authorization in accordance with Section 70 of the ICCC Act 2002, to enter into and give effect to a proposed JOA which includes provision of a proposed Code-share Agreement with PNG Air for the duration of five years.

Tango Pays K15,000 Penalty

They paid ICCC the monies as penalty under Section 134(1)(a) of the ICCC Act for compliance as a good corporate citizen.

 

Tango admitted liability for breaching Section 108 (1)(c) of the Independent Consumer and Competition Commission Act 2002 (ICCC Act) by selling Yoyo Water Balls on 4th July, 2018.

 

Yoyo Water Balls are the subject of a Permanent Ban pursuant to National Gazette Notice No. G191 of 2015.

 

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ICCC Declines Westpac Acquisition

The decision means Westpac can no longer sell its PNG and Fiji banking operations to Kina

ICCC Commissioner and Chief Executive Officer, Paulus Ain stated that the acquisition would have adverse effects on competition in the country and provided nine issues that he said warranted the commission declining authorization of the acquisition: