The Australian Government continues to consult with Sydney Airport Group regarding the development and operation of Sydney’s second international airport at Badgery’s Creek. Consultation is expected to conclude in June 2015 upon which a contractual phase is likely to commence. The Sydney Airport Group acquired a right of first refusal to develop and operate the new airport in 2002 when it acquired the right to operate the existing KingsfordSmith Airport. Its experience in operating Kingsford-Smith Airport should stand it in good stead to develop and operate the Badgery’s Creek airport. However, the Harper Review observed that although it may have maximised the sale price, granting this right of first refusal may come at the long term cost of a less competitive market structure. The Harper Review further concluded that the existing price monitoring and light handed regulatory approach for airports in Australia appeared to be working well, although if prices continued to increase as fast as they have been, that would raise concerns.