On 14 November 2013, the Monash Business Policy Forum published its ‘Agenda for National Competition Policy Inquiry’ which outlines a scope for the Coalition’s proposed ‘root and branch’ review of Australia’s competition laws.
In summary, the Forum recommends that the review should:
- focus on the competition provisions of the Competition and Consumer Act 2010;
- consider the objective of the Act, which should be to protect competitive processes and not individual competitors;
- consider the simplification and accessibility of authorisation, notification and clearance procedures; and
- consider how best to meet the legitimate needs of small business, including the extension of parts of the Australian Consumer Law (such as unfair contracts) to small business.
In addition, the Forum recommends a broader review of Australia’s national competition policy.