The Unicorns Podcast connects you to some of the best and brightest founders, CEOs, executives, business owners, innovators, entrepreneurs and inspiring leaders who make things happen and inspire others.

Host Justin Kelly – former broadcast journalist and PR veteran – chats with leaders from across Australia and internationally on business strategy, what it takes to build a successful company, how to overcome challenges and advice for those on a similar journey.

 

 

In this episode, Justin interviews Saxon Hill, CEO of Vehicle Monitoring Systems.

The price of parking could skyrocket if a proposed merger between the two largest players in the parking and payment industry, Orikan and Duncan Solutions, goes ahead. Together, these companies operate the majority of parking meters nationwide, and their union could lead to the creation of a parking monopoly. Industry experts warn this could strip away competitive checks and balances, leaving the Australian driving public vulnerable to unchecked price hikes and diminishing service standards.

The ACCC will make a final determination on the proposed merger in 2025 but has already expressed concerns about the possible tie-up. “We are concerned that the proposed acquisition would substantially lessen competition in the market for end to end on-street parking solutions as Duncan is the primary competitor to Orikan,” ACCC Commissioner Dr Philip Williams said.

In this episode, Mr Hill talks about the profound implications of the merger on everyday motorists, how parking meters have evolved, and the future of parking fees and technology in Australia. 

 

This podcast was developed in collaboration with Vehicle Monitoring Systems, a Stockhead advertiser at the time of publishing.

The interviews and discussions in this podcast are opinions only and not financial or investment advice. Listeners should obtain independent advice based on their own circumstances before making any financial decisions.