“The government’s release of a discussion paper regarding section 46 of the Competition and Consumer Act 2010 is a timely opportunity to reset the debate and develop a shared understanding of the best way forward in the interests of consumers,” BCA Chief Executive Jennifer Westacott said.
“The Business Council looks forward to engaging constructively in the consultation process with governments and other key stakeholders.
“Our competition law framework needs to be able to effectively address misuses of market power, without discouraging pro-competitive behaviour, innovation or the ability of Australian firms to compete in global markets.
“Any consideration of this issue should be underpinned by clear and specific evidence of business conduct that is economically damaging and cannot be addressed through the current entire competition law framework. We are pleased to see the discussion paper seeks this evidence,” Ms Westacott said.
For further information contact:
Scott Thompson, Director, Media and Public Affairs
Business Council of Australia
Telephone (03) 8224 2664 • Mobile 0403 241 128