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ARTICLE · 13 SEPTEMBER 2016

Major competition law reform imminent: Exposure draft legislation released

DibbsBarker
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The Bill proposes to introduce a new 'concerted practices' prohibition and to vary the misuse of market power provision.

AustraliaAntitrust/Competition Law
Andrew Rankine
Andrew Rankine
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Services: Competition & Consumer Law, Corporate & Commercial, Property & Projects
Industry Focus: Life Sciences & Healthcare

What you need to know

  • The Federal Government has released an exposure draft of the Competition and Consumer Amendment (Competition Policy Review) Bill signalling the biggest change to Australian competition law in years.
  • The exposure draft of the Bill proposes to introduce a new 'concerted practices' prohibition and vary the misuse of market power provision to bring in an effects test.
  • Those interested in making submissions on the exposure draft Bill, or on the ACCC's draft framework for approaching these two proposed changes, will need to act quickly.

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