Fixing Competition Policy?
Earlier this year, a joint media release by the Australian Treasurer (Scott Morrison), Prime Minister (Malcolm Turnbull) and the Minister for Small Business (Kelly O’Dwyer) was headed “Fixing competition policy to drive economic growth and jobs”. The first paragraph reads: “The Turnbull Government will legislate to fix competition policy in Australia through implementation of the Harper Review’s recommendation to amend Section 46 of the Competition and Consumer Act – the misuse of market power provision.”
The claim that the proposed changes will fix competition policy implies that current competition policy is broken in part and that the changes will repair the breaks. Now that the Coalition has been returned to power in Australia, will Prime Minister Malcolm Turnbull implement these changes? We examine this implication and look at the proposed changes. Click the link on the left to get the full text of this bulletin.