Effective Corporatisation Legislation: The Fundamental Issue in Port Management
It is now some seven years since the restructure of Australian ports and their transformation into corporatised entities. This strategy was adopted in an endeavour to improve efficiency by distancing government from day to day operations - that element that was perceived to be the cause of sub-optimal performance. While there is widespread agreement that port performance has improved significantly, dissatisfaction persists and the belief that continued political intervention is preventing ports' commercial potential from being realised. This paper investigates these issues but argues that political intervention per se should not be the focus of research as the fundamental cause of sub-optimal performance. Rather political intervention is an effect of a more fundamental problem — an inappropriate legislative framework — and the focus of research should be on the legislation and corporatisation model in which political intervention is mandatory.