Submission on Exposure Draft – Competition and Consumer Amendment (Competition Policy Review) Bill 2016
3 October 2016
The release of the Exposure Draft of the Competition & Consumer Amendment (Competition Policy Review) Bill 2016 following from the Final Report of the Competition Policy Review (the Harper Report) is an important step towards improving Australia's competition law framework, a step that will in turn support microeconomic reform to resuscitate productivity growth in Australia.
MinterEllison has welcomed the opportunity to provide comments to the Commonwealth Treasury in response to the draft legislation. We have assessed the CPR Bill through the lens of our Australasian Competition Group's broad experience of competition issues and have commented on three aspects in particular:
- the merger authorisation process
- the misuse of market power prohibition
- the proposed changes regarding admissions of fact.
You can read our Submission here.