COMPETITION POLICY TO BE OVERHAULED
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A new task force has been set up within Treasury to examine Australia's competition policy.
PRIORITY ISSUES
* Ways to ensure mergers - when one firm buys another firm or its assets - benefit consumers. In some cases, mergers can lessen competition, resulting in higher prices, lower quality of service and less choice. The Australian Competition and Consumer Commission has some reform ideas.
* Ways that the states, territories and federal government can improve co-ordination across such areas as health, skills, workforce development and disability.
* Changes to non-compete and related clauses that restrict workers from shifting to a better-paying job.
* Solutions to competition issues raised by new technologies, the net zero transformation and growth in the care economy.
WHAT HAS BEEN SAID?
"Having open markets is good for businesses in allowing them to compete, it is good for consumers in providing choice and value for money, and it is good for the system as a whole in driving better performance." - Australian Chamber of Commerce and Industry CEO Andrew McKellar.
"On the sporting field, Australians intuitively get the value of competition. But yet, if we look at our business sector, we haven't seen the same degree of dynamism the Matildas show on the sporting field." - Assistant Minister for Competition Andrew Leigh.
Australian Associated Press
