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ARTICLE · 24 MARCH 2015

Harper competition review is a chance for economic leadership

The Harper competition review provides a unique opportunity for the next wave of deregulation and structural reform.

AustraliaAntitrust/Competition Law

The competition review provides a blueprint for the next wave of deregulation and structural reform

Introduction

The Harper competition review provides a unique opportunity. The draft recommendations released in September 2014 are well reasoned, progressive and pragmatic. If implemented, they will position Australia well for the coming decades.

As head of the G20, Australia has a once-in-a-generation opportunity to 'walk the talk' and demonstrate real global economic leadership.

Australia leads the world's G20 economies at a critical stage in the evolution of the world economy. It has been the envy of the world, surviving the global financial crisis largely unscathed. Yet there are economic storm clouds on the horizon. If Australia is to maintain prosperity it must take immediate steps to bolster the flagging productivity. This is the critical context to the Harper review.

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