The Government has released its response to the Competition Policy Review (‘the Harper Review’).
The Government asked Professor Ian Harper and an expert panel to undertake an independent ‘root and branch’ review of competition policy. This was the first comprehensive review of Australia’s competition framework in more than 20 years and delivers on a key election commitment. The Harper Review’s Final Report made 56 recommendations for reforms across three key themes: competition policy, laws and institutions.
The Government will implement the majority of the Harper Review’s recommendations. Many of the recommendations are in areas of state and territory responsibility and the Government will work closely with the states and territories to advance reform. The package of reforms outlined in the Government’s response will strengthen Australia’s long-term economic performance by promoting more dynamic, competitive and well-functioning markets for the benefit of all Australians.
For further information please refer to the attached copy of the Australian Government response to the Competition Policy Review.