The national consumer watchdog is ready and willing to deal with the ‘many issues’ flowing on from the continuing communications industry revolution.

Chairman of the Australian Competition and Consumer Commission (ACCC), Rod Sims, said the country was fortunate to have the ACCC as a combined competition, consumer and communications economic regulator.

"Different organisations with different roles would clearly trip over each other as they sought to regulate their part of the communications industry." 

Mr Sims said that after a ‘long journey’ Australia now has a strong telecommunications regulatory regime.

The Chairman also named several communications areas being closely monitored by the ACCC. These include consumer issues relating to the NBN, competition issues that can flow from how ISPs manage congestion, the issue of control of content, and how technology can affect other sectors in general.

"The ACCC needs to constantly scan the environment to identify future issues, and to weigh up whether or not to intervene.

"It’s a fine balance between giving markets sufficient time to work issues out...but not so much time that markets fail.

"Given the amazing dynamics of the communications market, however, the ACCC has a bias to waiting to make sure the market cannot address an issue before we consider intervention," Mr Sims said.