USA, 2015UK & EUROPE, 2014 CO-HOST PARTNERSAUSTRALIA, 2013

AUSTRALIA 201330 September

MLC Centre, Sydney

EVENT PROGRAM

INFRASTRUCTURE BUSINESS AND POLICY DIALOGUECutting through the infrastructure impasse: ways and means

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Welcome addressOn behalf of the Organising Committee, I am delighted to welcome you to Infrastructure Business and Policy Dialogue: Cutting through the infrastructure impasse: ways and means.

This event marks the commencement of a genuine and co-ordinated global infrastructure research and policy development program about long term infrastructure planning and management.

We have brought together the best and sharpest minds from industry, government and academia to work together to create not only best practice benchmarks but new knowledge to better inform national and jurisdictional-wide infrastructure strategies for long term prosperity.

We look forward to all attendees becoming deeply engaged in exploring key infrastructure challenges throughout the day as we present an impressive program of speakers and panel discussions.

Garry BowditchCEO SMART Infrastructure FacilityUniversity of Wollongong

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Event programCUTTING THROUGH THE INFRASTRUCTURE IMPASSE: WAYS AND MEANS

MONDAY 30 SEPTEMBER 2013 Level 47, MLC Centre, 19 Martin Pl

08:45 REGISTRATIONS

09:00 Mr Philip Marcus Clark AM Chairman, Australian Government Education Investment Fund Advisory Board

Welcome and opening

09:10 Ms Jennifer Westacott Chief Executive Officer, Business Council of Australia

What business needs to deliver the infrastructure Australia needs

09:35 Mr Rick Sawers Group Executive, Product & Markets, National Australia Bank

Combining the power of government and financial services to fund our future

10:00 Prof Henry Ergas Professor of Infrastructure Economics, SMART Infrastructure Facility, University of Wollongong

Drivers of infrastructure costs

10:25 INFRASTRUCTURE RISKS AND FUNDING PANEL

Chair: Mr Garry Bowditch Chief Executive Officer, SMART Infrastructure Facility, University of Wollongong

Panel: Prof Henry Ergas Professor of Infrastructure Economics, SMART Infrastructure Facility

The Hon Nick Greiner AC Former Premier, New South Wales

Mr Rick Sawers Group Executive, Product & Markets, National Australia Bank

Ms Jennifer Westacott Chief Executive Officer, Business Council of Australia

11:05 MORNING TEA

11:35 Dr Ken Henry AC Chairman, SMART Infrastructure Facility Advisory Council, University of Wollongong

Asia and Australia in the 21st century: can we rise to a new infrastructure challenge

12:00 Mr Rod Sims Chairman, Australian Competition and Consumer Commission

Future regulatory outlook for infrastructure and what it means for investors and governments alike

12:25 LEND LEASE LUNCHEON

Special Guest Speaker The Hon Mike Baird MP, NSW Treasurer and Minister for Industrial Relations

14:00 Dr Ian Oppermann Director, Digital Productivity and Services Flagship, CSIRO

Smart planning for smart infrastructure

14:20 Mr Martin Locke Partner, PwC

Unlocking the infrastructure funding impasse

14:40 AFTERNOON TEA

14:55 Mr Gordon Noble Director, Investment and Economy, Association of Superannuation Funds of Australia (ASFA)

A reform agenda to address impediments to superannuation investment in infrastructure: a super fund perspective read more

15:15 Mr Paul Oppenheim Managing Director, The Plenary Group

A private sector perspective on PPPs

15:35 Senator Arthur Sinodinos AO invited Assistant Treasurer

15:55 DIRECTORS-GENERAL PANEL - How can we improve priority setting for infrastructure in Australia?

Chair: Mr Garry Bowditch Chief Executive Officer, SMART Infrastructure Facility, University of Wollongong

Panel: Mr David Edwards Director-General, QLD Department of State Development, Infrastructure and Planning

Mr Philip Gaetjens Secretary, NSW Treasury

Mr Rod Hook Chief Executive Officer, SA Department of Planning, Transport and Infrastructure

Mr Les Wielinga Director General, Transport for NSW

17:05 Mr Garry Bowditch Chief Executive Officer, SMART Infrastructure Facility, University of Wollongong

Closing comments

17:15 COCKTAIL RECEPTION

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ContributorsThe Hon. Mike Baird, MP

POSITION NSW Treasurer and Minister for Industrial Relations

BIO Following the election of the NSW Lib-eral and Nationals Government on 26 March 2011, Mike Baird was appointed Treasurer of NSW. In September 2012 he was also appointed Minister for Industrial Rela-tions. Mike had served as Shadow Treas-urer since December 2008 and previously as Shadow Minister for Energy, Finance and Youth Affairs.

Mike was elected Member for Manly in 2007 after an 18-year banking career incorpo-rating corporate banking, securitisation, debt capital markets and project finance in Australia, London and Hong Kong.

Career highlights include managing corpo-rate finance transactions across a range of industries for Deutsche Bank and Head of Originations, debt capital markets in London for the NAB.

Prior to his election to Parliament, Mike was Head of Institutional Banking for HSBC in Australia and New Zealand.

Mr Garry Bowditch

POSITION Chief Executive Officer, SMART Infrastructure Facility

BIO Garry is the inaugural CEO of the SMART Infrastructure Facility, University of Wollongong.

With almost 20 years of commercial and Government experience spanning Australia, Asia and the OECD, Garry has a wealth of experience, insight and ‘blue chip’ networks to help SMART achieve its goals with gov-ernment and business within Australia and internationally.

Currently he is an Expert Panel Member of the ITRC (Infrastructure Transitions Research Consortia) at Oxford University; Board Mem-ber of AURIN (Australian Urban Research Infrastructure Network) at Melbourne Univer-sity; Director, Smart Services Cooperative Research Centre; Transport Specialist on the NSW Long Term Transport Master

Plan Advisory Group and Member of the University of Wollongong Research Council. He is also an adviser to the new govern-ment body, Infrastructure NSW and is an appointed member of the Australia Pacific Economic Cooperation Committee (PECC) to advise on regional trade and investment initiatives in APEC.

He holds a Master of Business Adminis-tration from Macquarie Graduate School of Management and an Honours degree in Economics from the University of Wollon-gong. He also studied at the Paul H. Nitze School of Advanced International Studies, Johns Hopkins University, Washington DC.

Mr Philip Marcus Clark AM

POSITION Chairman, Australian Government Education Investment Fund Advisory Board

TOPIC Opening Address

Philip Clark AM is a member of the J P Morgan Advisory Council. He was Managing Partner and CEO of Minter Ellison and worked with that firm from 1995 until June 2005.

BIO Prior to joining Minter Ellison, Phil was Director and Head of Corporate with ABN Amro Australia and prior to that he was Managing Partner of Mallesons Stephen Jaques for 16 years. Earlier in his career he worked with a Pratt Industries subsidiary and with Shell Australia.

Phil now serves on a number of boards and advisory boards. His appointments include:

Member of the JP Morgan Advisory Council

Chair of the Australian Government’s Educa-tion Investment Fund Advisory Board, one of the three Nation Building Funds

Chair, Tasmanian Infrastructure Advisory Council

Chair, Royal Hobart Hospital Redevelop-ment Review and Advisory Committee

Chair, NSW Government Task Force on International Education and Research

Director Ingenia Communities Group (INA), listed trust, retirement villages

Chair, M+K Lawyers Holdings Pty Ltd

Chair, Advent Lawyers Pty Ltd

Chair, Aurora Projects Pty Ltd

Chair, Development Advisory Board for

Research Impact

Member, Chief Scientist’s Australian Re-search Committee Expert Advisory Group.

His work in the not-for profit sector includes positions as a Chairman of St James Ethics Centre, High Resolves Foundation, Austral-ian Indigenous Mentoring Experience Indige-nous Corporation (AIME) and Karen Lynch Foundation. Phil also served as a Director of the Garvan Foundation from 2005 to 2008.

Phil serves on the Advisory Council of Europe Australia Business Council, is a member of the Australian Davos Connection and has been a delegate to each of the Trans Tasman Leaders Forums. He was pre-viously a member of the Business Council of Australia and a delegate to the Australia 2020 Summit.

Phil has Bachelor degrees in Arts and Law from Sydney University and an MBA from Columbia University.

He was appointed as a Member in the Gen-eral Division of the Order of Australia in 2007 for his contribution to the development of national law firms and encouraging corpo-rate involvement in community programs.

Mr David Edwards

POSITION Director-General, QLD Department of State Development, Infrastructure and Planning

BIO David’s professional background is in economics, infrastructure, project man-agement and public policy. Prior to being appointed Director-General of the Depart-ment of State Development, Infrastructure and Planning (DSDIP) in April 2012, David’s previous positions included Manager of Strategy and Market Development for GHD, a global engineering and professional services company, and State Director for the Committee for Economic Development of Australia, Australia’s oldest independent economic think tank. Prior to that David worked in senior roles in several Govern-ment agencies including the Department of State Development and the Department of Premier and Cabinet.

David’s role at DSDIP sees him leading the state’s central, economic development agency driving state development, major projects facilitation, assessment and ap-provals, planning reform, and infrastructure

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planning and delivery. DSDIP has assets valued at $1.6B, a budget of $237M and revenues of over $200M.

In addition to his role as Director-General, David is chairman of Economic Develop-ment Queensland, Deputy Chair of the Gold Coast Infrastructure Authority, a director of Southbank Corporation and a member of Infrastructure Queensland.

Professor Henry Ergas

POSITION Professor of Infrastructure Economics, SMART Infrastructure Facility, University of Wollongong

TOPIC Drivers of Infrastructure Costs

ABSTRACT Infrastructure is the sinew of nations and vital to support economic development and increase living standards in the long-run. But it is clear that, over the past decade in Australia, infrastructure costs have risen dramatically. While immediate drivers, such as rising materials and labour costs, are readily identified, it is important to understand the underlying causes. These are numerous, complex and interconnected and relate not only to the cost of inputs but to the regulatory, standards, contracting and governance arrangements that critically influence input costs.

The paper will present the framework for undertaking this analysis as well as early results from the study so far.

BIO Professor Ergas held a range of leading positions at the OECD before returning to Australia in the mid-1990s. He chaired the Australian Intellectual Property and Competition Review Committee for the Aus-tralian Government in 1999-2000 and was a member of the Prime Minister’s Export Infrastructure Task Force in 2005 and the Defence Industry Policy Review in 2006. He has published extensively on infrastructure regulation and cost-benefit analysis.

As well as his work at the OECD, Profes-sor Ergas’ career includes appointments with the National University of Singapore, the Kennedy School of Government at Harvard University, the Centre for Research in Network Economics and Communica-tions at the University of Auckland, Monash University and at the Ecole Nationale de la Statistique et de l’Administration Economi-que in Paris.

Henry is the inaugural Professor of Infra-structure Economics at SMART where his focus is on the economic, regulatory and public policy research program. He takes a special interest in the development and ap-plication of cost-benefit analysis and in the

analysis of pricing and investment decisions in regulated infrastructure industries. Profes-sor Ergas is also a regular columnist in The Australian and Senior Economic Adviser at Deloitte Access Economics.

Mr Philip Gaetjens

POSITION Secretary, NSW Treasury

BIO Philip is Secretary to the NSW Treasury and Chairman of NSW Treasury Corpora-tion. He was previously Secretary of the GST Distribution Review in the Australian Treasury. He also established and headed the APEC Policy Support Unit (PSU) which provides analytical and research capability in support of APEC’s work on economic, trade and investment issues.

Between March 1997 and December 2007 he was Chief of Staff in the Office of the Australian Treasurer, the Hon Peter Costello MP. Philip has also held senior positions in the South Australian Department of Treasury and Finance and the Department of the Prime Minister and Cabinet. In these roles he focused on microeconomic reform issues including competition policy and structural reform in the transport, communications and energy sectors.

The Hon Nick Greiner AC

POSITION Former Premier, New South Wales

TOPIC Infrastructure Risks and Funding Panel

BIO Nick Greiner was Premier and Treasurer of New South Wales from 1988-1992. Since his retirement from politics he has been heavily involved in the corporate world.

Nick was the inaugural Chairman of the SMART Advisory Council and is a current Advisory Council member

Nick is currently Chairman of Bradken, The Nuance Group, QBE Australia, Accolade Wines and Playup as well as Deputy Chair-man of CHAMP Private Equity. He is also Chairman of the Advisory Council for De-gremont and Senior Advisor and Chairman, Council of Advisors, Rothschild Australia Limited.

Nick is a Member of the Board of Gover-nors, Committee for Economic Development of Australia (CEDA) and a member of the

Corporate Council, The European Austral-ian Business Council (EABC). He is also a Trustee of the Sydney Theatre Company Foundation.

In the Queen’s Birthday Honours List of 1994 he was awarded a Companion of the Order of Australia for public sector reform and management and services to the com-munity and in 2001 the Centenary Medal.

Nick holds an Honours Degree in Econom-ics from Sydney University and a Master of Business Administration with High Distinc-tion from Harvard Business School. He is a Life Fellow of the Australian Institute of Company Directors and a Life Member of the South Sydney Rugby League Club.

Dr Ken Henry AC

POSITION Chairman, SMART Infrastructure Facility Advisory Council

TOPIC Asia and Australia in the 21st Cen-tury: Can we rise to a new Infrastructure Challenge?

BIO Dr Ken Henry is the Chair of the SMART Infrastructure Facility Advisory Council.

As Special Adviser to the Prime Minister in 2011 and 2012, Dr Henry was responsible for leading the development of the Australia in the Asian Century White Paper.

Dr Henry is Chair of the Institute of Public Policy at the Australian National University, Chair of the Advisory Council of the SMART Infrastructure Facility at the University of Wollongong, Chair of the Board of the Sir Roland Wilson Foundation, a member of the Boards of National Australia Bank Limited and the Australian Stock Exchange (ASX), and a member of the Board of Reconcil-iation Australia. He is also a Governor of CEDA and a Council member of Voiceless.

Dr Henry was Secretary to the Treasury from 2001 to 2011. Dr Henry chaired the Review into Australia’s Future Tax System in 2009–10.

Dr Henry holds a first class honours degree in economics from the University of NSW (1979) and a PhD in economics from the University of Canterbury, NZ (1982). Dr Henry was awarded a Companion of the Order of Australia General Division (AC) in the Australia Day Honours 2007. In May 2009, Dr Henry was awarded the degree of Doctor of Business honoris causa from the University of NSW. In November 2012, Dr Henry was made a Fellow of the Academy of Social Sciences in Australia.

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Mr Rod Hook

POSITION Chief Executive Officer, SA Department of Planning, Transport and Infrastructure

BIO Rod Hook is one of South Australia’s most highly respected senior public servants with an unrivalled reputation for delivering major projects and programs that is recog-nised at the highest levels of both State and Federal Government.

As the Chief Executive of the Department for Transport, Energy and Infrastructure, Rod is responsible for South Australia’s transport system and services (including public trans-port), energy policy and regulation, building management, land services, Government ICT investment and services, and infrastruc-ture planning.

These responsibilities include the delivery of major infrastructure projects for the State, consistent with priorities set out in South Australia’s Strategic Plan including the unprecedented $2.6 billion investment to rebuild Adelaide’s public transport network and the $535 million upgrade of the iconic Adelaide Oval.

He is also South Australia’s Commissioner of Highways the State’s Coordinator-General for the Nation Building Economic Stimulus Plan.

Rod is widely known for his role in delivering a range of major infrastructure projects that have changed the way people live, work and do business in Adelaide. These include the Port River Expressway, the Glenelg Tramline Extensions to Victoria Square and the Adelaide Entertainment Centre the Gallipoli Underpass and most recently South Aus-tralia’s FINA compliant State Aquatic Centre and GP Plus Health Care Centre.

Rod graduated from the University of Ade-laide with Honours in Civil Engineering.

Mr Martin Locke

POSITION Partner Infrastructure Advisory, PWC

TOPIC Unlocking the Infrastructure Funding Impasse

ABSTRACT Real progress has been made in addressing the infrastructure challenge. Federal and State Governments have em-braced the need to prioritise infrastructure investment, adopt sound economic projects

in accordance with an integrated State and national plan and establish agencies, like Infrastructure Australia and Infrastructure NSW, to catalyse action. However, the call for more rigorous policy enforcement without political interference continues. And in a capital constrained environment, the onus on the State Governments is to look for better and more effective ways to partner with the Federal Government and the private sector. There is a real opportunity for the new Federal Government to drive momen-tum through:

• Improved infrastructure planning and co-ordination which is collaborative, open, integrated and early;

• More efficient delivery of complex eco-nomic infrastructure partnerships with Government combining clear policy goals with transparent regulation;

• Optimisation of funding sources through universal adoption of user-pays;

• Structuring of “hybrid” economic partner-ships to keep projects “off balance sheet”;

• Structuring commercial support for projects with strong economic justification even if initial financial viability is marginal;

• Hypothecating the sales proceeds for existing brownfield infrastructure for in-vestment in critical new infrastructure;

• Removal of tax impediments to facilitate capital recycling and investment in new infrastructure.

BIO Martin has over 30 years of experience advising government and the private sector on the procurement and financing of large, complex infrastructure projects. He is one of Australia’s leading infrastructure finance specialists having worked on projects since 1990 and has closed high profile PPPs in the transport, health and education sectors. He joined PwC in 2001 after a 23 year suc-cessful career in investment banking with the Deutsche Morgan Grenfell group and is the partner leading PwC’s infrastructure advisory practice in Sydney. He has global experience having worked in London, Sydney, Singa-pore and Johannesburg. He has published papers exploring new and innovative hybrid funding models for financing economic infra-structure in the post GFC financing market including the use of Government SPVs and the concept of capital recycling.

Mr Gordon Noble

POSITION Director, Investments and Economy, Association of Superannuation Funds of Australia

TOPIC A Reform Agenda to Address Im-pediments to Superannuation Investment in Infrastructure: A Super Perspective

ABSTRACT Australia’s superannuation indus-try has a proud record investing in infra-structure. It was Australian superannuation funds that first invested in privatized assets in Victoria contributing to the creation of the emergence of infrastructure as a global asset class. Despite superannuation funds continued appetite to invest in infrastructure a common question that is asked is ‘how can we get superannuation funds to invest more in infrastructure?’

For Australian superannuation funds to increase investment in Australian infrastruc-ture assets it will be important to develop a shared understanding between Govern-ments, stakeholders and investors about how superannuation actually works.

One of the significant constraints that superannuation funds face investing in infrastructure is liquidity. Requiring superan-nuation funds to meet member requests for redemptions and investment choices has resulted in a system that is skewed towards liquid investments. As the superannuation system matures and super fund accounts move into drawdown phase the pressure to invest in liquid assets can only be expected to grow.

There are a range of solutions that are being offered that would enable super funds to invest in illiquid assets whilst still maintaining ability to meet member redemption and investment choice requests. There are also mechanisms that can increase the liquidity of infrastructure including listing vehicles on capital markets.

This presentation will consider the different options and the challenges that need to be addressed in order for superannuation funds to be able to increase exposure to infrastructure.

BIO Gordon Noble is the Director of Invest-ments and Economy at the Association of Superannuation Funds of Australia. Gordon is responsible for ASFA’s investment strategy and stakeholder relations including relation-ships with the Federal Government. A core part of ASFA’s work is around investments which are focused on issues including financial system stability, infrastructure, innovation, capital markets and fixed interest markets. Gordon was formerly Deputy CEO of the Committee of Melbourne, a city based think tank, and has worked in industrial

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relations, Federal politics, banking and superannuation.

Gordon Noble has worked in a variety of roles in the finance sector over a 23 year career. He was involved in the early estab-lishment of the United Nations Principles for Responsible Investment and the Principles for Social Investment Secretariat (an initiative of the United Nations Global Compact). Working with the Responsible Investment Association Australasia, Gordon founded the Responsible Investment Academy, an online training platform that educates inves-tors on incorporating environmental, social and governance issues into investment processes and also established a method-ology for benchmarking the sustainability reporting amongst ASX 200 companies for the Australian Council of Super Investors. During his career he has worked as a po-litical adviser for the Australian Labor Party and with trade unions in Australia and the United Kingdom. Gordon commenced his career with National Australia Bank having completed a Bachelor of Economics at the Australian National University.

Mr Paul Oppenheim

POSITION Managing Director, The Plenary Group

TOPIC A private sector perspective on PPP (Public Private Partnerships)

ABSTRACT

• The evolution of Public Private Partner-ships

• Government objectives and private sector motives

• Consortium dynamics• The role of private capital• Australia in a global context

BIO Paul is a graduate of the University of Wollongong (Bachelor of Commerce – 1991) and is a member of the SMART Infrastructure Facility Advisory Council

Paul has been the Managing Director of Ple-nary Group since its establishment in 2004. His career in public infrastructure includes more than a decade in the PPP market. He has been directly responsible for structur-ing, negotiating and executing a number of significant PPP transactions in Australia. He is responsible for the day to day running of Plenary Group’s Australian business, man-aging a team of 40 professional staff

Paul worked at ABN AMRO (formerly BZW) for nine years in the Infrastructure Capital team. The final 9 months were spent as Head of the group.

Prior to ABN AMRO, Paul worked at KPMG in the Audit & Advisory division.

Paul is also a member of the Infrastructure Partnerships Australia Advisory Board.

Dr Ian Oppermann

POSITION Director, CSIRO Digital Productivity and Services Flagship

TOPIC Smart Planning for Smart Infrastructure

ABSTRACT Developments in information and communications technologies have allowed more sophisticated understanding of infrastructure use, wear and aging. It has also allowed greater interconnectivity and communication between systems leading to smart tolling, smarter traffic flow, and more efficient interconnections. Planning for future smart infrastructure requires navigation of a field of technical, financial and societal fac-tors. Here again, information and communi-cations technologies can help.

BIO Dr Ian Oppermann was appointed on 1 July 2012 to the role of Australia’s national science agency, CSIRO, Director of the newest Flagship for Digital Productivity and Services. Prior to this appointment, Dr Oppermann was the Director of CSIRO’s ICT Centre.

CSIRO’s Digital Productivity and Services Flagship addresses major scientific challeng-es in Wireless Communications, Govern-ment and Commercial Services, Robotics, Information Theory, environmental sensing and Health Services. Flagships are CSIRO’s response to National Challenges and the focus of the new Flagship is focussed upon frontier service creation in the Digital Economy.

Prior to CSIRO, Ian headed Sales Partner-ing for Nokia Siemens Networks’ software business, and was Director of Radio Access Performance Business at Nokia. Prior to joining Nokia, Ian was director of the Centre for Wireless Communications, a research centre in Finland.

Ian has contributed to 6 books as editor or chapter author, authored or co-authored approximately 30 journal and 90 conference papers. Ian has a Doctor of Philosophy in electrical engineering from Sydney University and an MBA from the University of London. Ian is a Fellow of the Institute of Engineers Australia, a Fellow of the IEEE and a mem-ber of the Australian Institute of Company Directors.

Mr Rick Sawers

POSITION Group Executive, Product & Markets, National Australia Bank

TOPIC Combining the power of Government and Financial Services to fund our future

ABSTRACT The purpose of Rick’s speech is to join the dots in bringing together the combined power of Government and the banking, investment and superannuation industries as a powerful force that can put Australia in a more competitive, more productive space and in turn, carry out the effective provision of infrastructure to sustain the development of modern society.

BIO In March 2013, Rick was appointed Group Executive, Product & Markets (“P&M”). P&M is responsible for all banking and wealth products across NAB, including Financial Markets products and the structuring of complex products. Product & Markets designs, operates and manages the portfolio of products that NAB sells to its customers. Rick is also responsible for the NAB ADI Treasury activities (liquidity, short term funding and interest rate risk). Previously, Rick was Group Executive, Wholesale Banking which was responsible for Financial Markets Trading and Sales, Debt Capital Markets, Asset Servicing (Custody), Financial Institutions, Specialised Finance businesses and the NAB ADI Treasury. Prior to that, Rick was Deputy CEO of nabCapital and Group Treasurer for NAB Capital. Rick is a financial markets specialist, with deep experience in the areas of capital, funding, liquidity, money markets, foreign exchange and interest rate risk management. He has a strong track record in leading Operations, Compliance, Risk and Governance functions. He is a member of the NAB Group Executive Committee, Group Risk & Return Management Committee and a Director of Clydesdale Bank Plc, NAB’s retail banking subsidiary based in the United Kingdom. Rick completed executive education at the Harvard Business School, is a member of the Australian Institute of Company Directors, a Fellow of the Financial Services Institute of Australia and Chairman of the Australian Financial Markets Association (“AFMA”). He has over 40 years’ experience in commercial, wholesale and international banking, including 28 years with the National Australia Bank Group and 10 years with the ANZ Banking Group. Rick’s career has included assignments in New York, London, Tokyo, Hong Kong, Los Angeles and Melbourne, where he now resides.

Mr Rod Sims

POSITION Chairman, Australian Competition and Consumer Commission

TOPIC Future regulatory outlook for infra-structure and what it means for investors and government alike

ABSTRACT Infrastructure Australia in their annual report to the Council of Australian Governments in July this year noted that there is a ‘profound disconnect’ in infra-structure policy in Australia between our concerns for congestion and infrastructure shortages and our inability to turn these concerns into action. What does this call for action mean for the economic regulation and the pricing of infrastructure in Australia?

Congestion pricing is a challenge that policy makers and regulators have to confront. The advantages of paying different tariffs for electricity at different times should allow more efficient network and generation utilisation. Similarly in communication much more content is being delivered placing strains on some network capacity. Likewise with our road network.

While the arguments for pricing reform are clear we also have some understanding of the barriers to this type of pricing. One barrier is consumer concern. For the ACCC and AER this is an aspect of a much larger issue about consumer involvement. Will the greater engagement of consumers in regulation processes give consumers the means of expressing their preferences? Is this a way of addressing our infrastructure capacity issues?

BIO Rod Sims was appointed Chairman of the Australian Competition and Consumer Com-mission in August 2011 for a five year term.

Rod has extensive business and public sector experience. Immediately prior to his appointment to the ACCC, he was the Chairman of the Independent Pricing and Regulatory Tribunal of New South Wales, Commissioner on the National Competition Council, Chairman of InfraCo Asia, Director of Ingeus Limited, and member of the Re-search and Policy Council of the Committee for Economic Development of Australia. Rod was also a Director of Port Jackson’s Partners Limited where he advised the CEOs and Boards of some of Australia’s top 50 companies on commercial corporate strategy over many years. Rod relinquished all of these roles on becoming Chairman of the ACCC.

Rod is also a past Chairman of the NSW Rail Infrastructure Corporation and the State Rail Authority and has been a Director of a number of private sector companies.

During the late 1980s and early 1990s, Rod worked as the Deputy Secretary in the Commonwealth Department of Prime Min-ister and Cabinet responsible for economic, infrastructure and social policy and the Cabinet Office. He also worked as Deputy Secretary in the Department of Transport and Communications.

Rod Sims holds a first class honours degree in Commerce from the University of Mel-bourne and a Master of Economics from the Australian National University.

Ms Jennifer Westacott

POSITION Chief Executive, Business Council of Australia

TOPIC What business needs to deliver the infrastructure Australia needs

ABSTRACT Business regards the provision of high quality infrastructure services as essential for lifting competitiveness and achieving sustainable long term growth. In-creasingly governments are recognising that the private sector should own and deliver infrastructure services with the role of gov-ernments being redefined around planning, regulation, subsidisation and risk sharing. The BCA represents many of the major Aus-tralian companies involved in the ownership, planning, design and construction, financing and operation of Australia’s core economic infrastructure. Ms Westacott will discuss the changes to the policy environment needed to enable Australian businesses to provide the high quality infrastructure services demanded by a growing population and economy.

BIO The Business Council of Australia (BCA) is an association of the chief executive officers of 100 of Australia’s top companies. It was established in 1983 to provide a forum for Australia’s business leadership to contribute directly to public policy debates. The BCA’s vision is to advance and support policies that will help make Australia the best place in the world in which to live, learn, work and do business.

Jennifer Westacott took up the role of Chief Executive at the BCA in April 2011. Previ-ously, she was a Director and National Lead Partner at KPMG, heading up the firm’s Sustainability, Climate Change and Water practice and its NSW State Government practice.

Jennifer has extensive policy experience in both the public and private sectors.

For over 20 years Jennifer occupied critical leadership positions in the New South

Wales and Victorian Governments. She was the Director of Housing and the Secretary of Education in Victoria, and most recently was the Director-General of the New South Wales Department of Infrastructure, Plan-ning and Natural Resources.

At KPMG Jennifer provided advice and assistance to some of Australia’s ma-jor corporations on climate change and sustainability matters, and provided advice to governments around Australia on major reform priorities.

Jennifer has a Bachelor of Arts (Honours) from the University of New South Wales where she is an Adjunct Professor at the City Research Futures Centre. She was a Chevening Scholar at the London School of Economics.

In October 2012 Jennifer was appointed as a National Fellow of the Institute of Public Administration Australia.

Mr Les Wielinga

POSITION: Former Director General of Transport for NSW

Les Wielinga is the former Director General of Transport for NSW, the State’s integrated transport agency and a foundation member of the SMART Infrastructure Facility Advisory Council.

He was previously Director General of the NSW Department of Transport, having served in that role since July 2009, and led the change process which established Transport for NSW

He was Chief Executive of the Roads and Traffic Authority from 2006 to 2009.

Les has more than 35 years experience in the management of transport issues, stra-tegic planning, development and delivery of infrastructure, program and project manage-ment, as well as administration.

He has substantial experience in leading large multidisciplinary teams including legal, financial, economic and engineering.

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WITH SPECIAL THANKS TO OUR ENDORSING PARTNERS

WITH SPECIAL THANKS TO OUR ASSOCIATE PARTNERS

Institute of Transport and Logistics Studies,

The University of Sydney Business School

University of Southampton, UK

University of South Australia

Centre for Infrastructure Research, University of Auckland

Virginia Bioinformatics Institute at Virginia Tech

Faculty of Engineering, Pontificia Universidad Católica de Chile

Universidad Francisco de Vitoria

School of Architecture and Design, RMIT University

Southwest Jiaotong University, China

Energy Pipelines CRC Ltd

United States Studies Centre, University of Sydney

The Australian APEC Study Centre at RMIT University

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FOR MORE INFORMATION

PLEASE CONTACT

Garry Bowditch

Chief Executive Officer

garry_bowditch@uow.edu.au

smart.uow.edu.au

Tania Brown

Chief Operating Officer

+61 4298 1431

tania_brown@uow.edu.au

Rafael Vazquez Romero

Business Development Manager

+61 42 39 2331

rvr@uow.edu.au

Victoria Black

Strategic Marketing Manager

+61 4221 3433

vblack@uow.edu.au

ABOUT SMART INFRASTRUCTURE FACILITY

INTERNATIONAL SYMPOSIUM FOR

Australia, like many of its international

peers is grappling with very difficult

questions about the future provision of

infrastructure. The way we have settled

our communities and developed indus-

tries in the past 100 years with an abun-

dance of land, low population densities,

scant attention to the environment and

very modest community involvement all

belongs to the past.

The SMART Infrastructure Facility is one

of the largest research institutions in the

world, funded by the Federal Govern-

ment of Australia, NSW Government and

University of Wollongong. It is dedicated

to mapping out new data, concepts

and frameworks to help governments,

business and the community be more

front-footed in the planning, funding and

management infrastructure networks for

our cities and regions.

Our goal is to ensure infrastructure

can be designed, procured, funded

and managed for the betterment of our

nation by enhancing Australia’s future

global competitiveness, well-being of

its citizens and resilience of its systems

to natural and man-made events. It is

these matters that are the subject of

an intensive global collaboration where

SMART works alongside government, in-

dustry and academic institutions to help

ensure better long term performance of

brownfield and new infrastructure assets

and systems

With its world-class laboratories, SMART

can generate powerful and scalable

models of national, regional and city-

wide infrastructure networks, such as

road, rail, water, energy and communi-

cation. This enables scenario planning

of population changes on infrastructure

networks and impact on performance

over time.

SMART can deploy small and large-

scale research teams and can access

the expertise of University of Wollongong

high degree students and academics.

SMART is set up to champion high quali-

ty and purposeful collaborations with

industry and government in Australia

and around the world to address key

infrastructure challenges and assist with

problem solving using evidence based

computational tools.