Sonic and Australia's newest duopoly

Deregulation was meant to increase competition in pathology services. Instead, it’s had the opposite effect. Welcome to Australia’s newest duopoly.

Monopolies are great for investors and awful for customers. Anyone who has caught a cab to Sydney Airport, been slugged a 10% fee for paying by card and had to face the various horrors of T1, T2 or T3 – or, God forbid, the nightmare transfer between them – would know what we’re talking about.

The irony is appropriate and intended. Cabcharge and Sydney Airport deliver such fantastic returns because of their firm grasp on the customers’ wallets, be they airlines, passengers or cab drivers.

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