The Australian Government is currently undertaking the most
significant review of the nation's competition laws in more
than 20 years.
In this Alert, Special Counsel Brett Bolton and Solicitor Borcsa
Vass discuss the proposed changes and, if adopted, how these will
impact all Australians and force many businesses to rethink their
strategies.
The Report
The recently released Competition Policy Review Draft Report
(Report) aims to address the major changes to our society and
economy that have taken place since the Hilmer Report in 1993.
The flavour of the report is more deregulation. It proposes a
number of changes to policies and laws that are designed to improve
competition in the marketplace and that will have significant and
far-reaching impacts on businesses and consumers if implemented.
Many recommendations are politically difficult for the federal
government and, if accepted, will require skilful negotiation with
state governments and other stakeholders.
