Competition watchdog, Rod Sims, welcomed the review’s call to amend the competition law to stop big companies forcing smaller rivals out of business.
“At the moment, the misuse of market power is not effective,” Mr Sims said.
There are also some recommendations in here which are quite controversial and we think need more thought.
“It’s not effective because the courts have said that it’s okay for a big firm with market power to do whatever it likes, providing what it’s doing is something a smaller firm can do.”
“Given these real benefits to consumers, the case for the inclusion of an effects test is not met,” ANRA’s chief executive Ann McPhee said in a statement.
But Mr Sims is concerned about the panel’s recommendation to give the Australian Competition and Consumer Commission (ACCC) power over infrastructure access and pricing to a new regulator.
“They’re arguing that the ACCC should be broken up,” he said.
“My concern with that is, if you break up the ACCC into its competition and consumer bit on the one side and its infrastructure regulation on the other, then a whole lot of firms will have to deal with two regulators, not one.”
Full Content: Queensland Country Life
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google and South Carolina Clash Over State Records Demand
May 8, 2024 by
CPI
Telefonica Germany Teams Up with Amazon Web Services to Migrate 5G Customers
May 8, 2024 by
CPI
Federal Judge Grants $7.4 Million Settlement in Pork Price-Fixing Case
May 8, 2024 by
CPI
Wilson Sonsini Bolsters Antitrust and Competition Practice with Key Partner Returns
May 8, 2024 by
CPI
EU to Scrutinize Telecom Italia’s Network Sale to KKR
May 8, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI