Business IQ

What Does The Competition Policy Review Mean For You?

Tiffany Loh
Smarter Writer

Tiffany Loh is the Smarter Business™ & News and Digital Editor, with varied writing experience always looking for a unique story

Tiffany Loh
Smarter Writer

Tiffany Loh is the Smarter Business™ & News and Digital Editor, with varied writing experience always looking for a unique story

The government has released its draft report today. Find out what the recommendations for your industry are.

The government has released its draft report today. Find out what are the recommendations for your industry.

With the aim to bring Australia’s competition policy up to date, the Competition Policy Review Panel recommendations have released a Draft Report for the public to review and provide feedback.

Led by economist Professor Ian Harper, the 313-page review assesses the country’s competition policies, laws and institutions to see how they can better serve the current and future economic landscape, 

“Australia’s competition policy needs to be fit for purpose, and updated for the economic opportunities and challenges Australia will face in coming decades. We face forces for change from increased globalisation, population ageing and new technologies, which are rapidly changing the way our markets operate.”

In this review, the Panel met in forums with more than 150 small businesses, who voiced issues concerning: unequal bargaining power in dealing with larger businesses (including concerns about collective bargaining); the compliance burden of regulation; and difficulties in competing with (local) government run enterprises.

The Panel also recognised the retail market as an important focus in the review, singling out retail trading hours, supermarkets, pharmacy as key areas that require review.

men pushing chess pieces
Australia's competition policy needs to be fit for purpose, and updated for the economic opportunities and challenges Australia will face in coming decades.

- IAN HARPER

The Panel will be holding public forums around the country. The Panel is also asking for written submissions and feedback from interested parties on the views and draft recommendations in the Draft Report.

After the close of consultation on 17 November 2014, the Panel will then consider its final recommendations, with the Final Report due with the Australian Government by March next year.

Up-to-date advice on the Review and its progress, including details of public forums, are posted regularly on the Review’s website.

The Panel will be holding public forums around the country. The Panel is also asking for written submissions and feedback from interested parties on the views and draft recommendations in the Draft Report.

After the close of consultation on 17 November 2014, the Panel will then consider its final recommendations, with the Final Report due with the Australian Government by March next year.

Up-to-date advice on the Review and its progress, including details of public forums, are posted regularly on the Review’s website.

The Panel will be holding public forums around the country. The Panel is also asking for written submissions and feedback from interested parties on the views and draft recommendations in the Draft Report.

After the close of consultation on 17 November 2014, the Panel will then consider its final recommendations, with the Final Report due with the Australian Government by March next year.

Up-to-date advice on the Review and its progress, including details of public forums, are posted regularly on the Review’s website.

The Panel will be holding public forums around the country. The Panel is also asking for written submissions and feedback from interested parties on the views and draft recommendations in the Draft Report.

After the close of consultation on 17 November 2014, the Panel will then consider its final recommendations, with the Final Report due with the Australian Government by March next year.

Up-to-date advice on the Review and its progress, including details of public forums, are posted regularly on the Review’s website.

Australian Business 

In this review, the Panel met in forums with more than 150 small businesses, who voiced issues concerning: unequal bargaining power in dealing with larger businesses (including concerns about collective bargaining); the compliance burden of regulation; and difficulties in competing with (local) government run enterprises.

Want to stay up to date on Australian business?

Head over to the official Competition Policy Review website here.

Find Out MoreWant to stay up to date on Australian business?

Man filming a video
Trends
3 businesses that are winning with video

Video technology has helped a lot of businesses deliver their services – and remain operational – throughout COVID-19. And for many, adopting this technology is not a Band-Aid ...

Man viewing furniture using augmented reality technology
Tech
Tech
Tech evolution: 3 ways to elevate your business

The pace at which technology is developing has made staying up-to-date more accessible, affordable and easier than ever. Adopting digital tools for your business could help str...

Man delivering packages
Trends
Conscious consumption: Even online, consumers choose local

Consumer behaviours and attitudes shifted in many ways as COVID-19 enveloped our reality. But one sentiment has become clear: consumers want to support local businesses, even w...

Woman practices yoga at home
Productivity
Productivity
Working from home: Habits for a healthy mind, body and business

Health and productivity are inextricably linked. So how can you ensure you’re setting yourself and your staff up for success while working from home?