Australia’s competition policies are currently under review and you have a chance to have your say on whether you think current laws, as well as proposed changes, are fair.
The Competition Policy Review was initiated by the Prime Minister and Federal Minister for Small Business to assess whether our current competition laws are still relevant considering globalisation, our ageing population and the digital revolution.
An independent panel has assessed the laws and has released its Draft Report that proposes changes that will impact small business including:
- giving small businesses easier access to dispute resolution services
- promoting the development of industry codes
- giving small business more flexibility in the collective bargaining and notification process
- reviewing regulatory restrictions including standards
- considering competition in planning and zoning rules
- changes to the misuse of market power provisions.
On a broader scaled the review also suggests:
- reinvigorating competition policies so they apply to all level of government.
- a review of regulations that restrict competition.
- changing competition laws to protect some aspects of competition, and simply and clarify provisions.
- establish a new national competition reform body to replace the NCC.
- establish a new governance structure for the ACCC
- establish a separate access and pricing regulator.
Download a full copy of the Draft Report.
The Panel is now seeking submissions about its suggested changes – all submissions are due by November 17, 2014.
Non-confidential submissions can be made via uploading it to the Competition Policy Review website or you can make a comment on any aspect of the report, including comments that can remain in confidence, by post.
For more info go to www.competitionpolicyreview.com.au.