The federal government will implement Harper’s much-pushed for recommendation for a new competition policy body - but how its fits with other regulators is uncertain.
In kicking the can down the road on section 46, the federal government has chosen good politics over good law.
The response to the Harper recommendations on competition policy reform was mature and wisely sidestepped the issue that could derail debate on it.
Supermarket giants are predictably opposed to
Harper Review’s effects test, but the report is a mixed bag when it comes to other retail competition issues.
The main question to ask of the Harper report is: what will make a tangible difference to our economic prosperity?
The “effects test” aims to boost prosecutions for misuse of market power. But will it really make it easier for the ACCC to win cases?