Coalition to uproot competition laws?* With the votes counted and Tony Abbott safely claiming a Coalition victory on 7 September 2013, it’s not only the government that is getting a makeover. As with most elections, the lead up was jam-packed with members of parliament standing on platforms, proposing legal reform and offering change – this one was no different and Australia’s competition laws are now up for a significant review. In March 2012, Shadow Minister for Small Business, Competition Policy and Consumer Affairs Bruce Billson announced that the Coalition would conduct a “root and branch” review of competition law in Australia (the Review), which was further affirmed in the Coalition’s August 2013 Policy for Small Business (2013 Policy). The Coalition has indicated its preference
The Australian Government proposes reform of the national competition regime including an extension of the unfair terms protection to small business and a review of the formal merger assessment process
This article was originally published on In Competition by King & Wood Mallesons (click here).
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