Revitalising National Competition Policy
The Law Council of Australia provided a submission to the Treasury’s consultation on revitalising National Competition Policy (NCP). This response to the issues raised in the Consultation Paper has been informed by the Queensland Law Society and the Competition and Consumer Committee of the Law Council’s Business Law Section.
On 1 December 2023, the Commonwealth, state and territory Treasurers agreed to revitalise NCP, and committed to developing an agenda for long‑term pro‑competitive reforms under the auspices of the Council on Federal Financial Relations – the national forum of Treasurers.1
In principle, the Law Council supports revitalising NCP, and exploring whether a program of reform is needed to address barriers to competition that might continue to exist in state, territory and Commonwealth legislation, or the application by governments of their competitive neutrality policies. Steps such as removing inefficient and burdensome regulatory barriers and better aligning state regulatory frameworks are welcomed.
Read the full submission below.
1 The Hon Dr Jim Chalmers, ‘Treasurers meet in Queensland’ [media release], Australian Government Treasury, 1 December 2023.
Last Updated on 11/10/2024
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