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.
The new Turnbull government should follow the lead of the Harper Review and introduce an ‘effects’ test on market power.
A bulging in-tray of reviews awaiting response awaits Malcolm Turnbull’s choice of treasurer in his new cabinet.