While most of the recommendations relating to competition law from the Harper Review were implemented, recommendations relating to competition policy and governance structures remain outstanding.1 ACCI welcome the latest undertaking to review competition policy in the light of new markets that have emerged in recent years, including digital technologies and the net-zero transformation. [...] Changes to the national competition policy needs to be guided by specific evidence of what is causing poor outcomes, what failed within the current framework and assessing the flexibility of the existing regulations to deal with the emerging competition concerns. [...] The Council of Australian Governments (COAG) was set up as a forum in which the Prime Minster of Australia, the Premiers of the States and the Chief Ministers of the Territories provided oversight of the NCC’s activities and work program. [...] A good example of the success of competition policy was the COAG agreement on a national gas policy and on a national electricity policy, which led to the establishment of a national market which for the first time enabled competition between individual State suppliers of electricity and gas. [...] In March 2020, in response to the pandemic, the Council of Australian Governments was abolished, and the National Cabinet was established to take on the operations of the COAG.
Authors
- Pages
- 16
- Published in
- Australia
Table of Contents
- Media Enquiries 2
- Canberra Office Melbourne Office Perth Office 2
- Table of Contents 3
- Introduction 4
- Intergovernmental Agreement on Competition and Productivity-Enhancing Reforms 5
- The need for National Competition Policy 5
- A competitive dynamic and sustainable future 6
- Revitalising the National Competition Policy 7
- Structural reform of Public Monopolies Principlerestraining monopoly pricing behaviour 8
- A National Competition Reform Program 8
- Theme 1 Promoting a more dynamic business environment 8
- A competitive dynamic and sustainable future 9
- Theme 2 Harnessing the Benefits of Competition in the Net- Zero Transformation 9
- Theme 3 Lowering barriers to mobility 10
- Theme 4 Better Harnessing choice competition and contestability in human services 11
- Theme 5 Leveraging the Economic Opportunities of data and digital technology 12
- Institutional arrangements 12
- The payments were crucial to reaching agreement on the introduction of NCP and they remain crucial if States and Territories are to continue with the current arrangements . 13
- About ACCI 14
