Event overview
The last major review of competition policy in the early 90s, the Hilmer Review, forced efficiency in markets, drove down costs, contributed to a permanent increase of around $20 billion in GDP and generated large productivity gains. Fast-forward over two decades and there is no question the economy is profoundly changed.
Using the review terms of reference as the basis for discussion, this CEDA event will examine the form of the next Review of Competition Policy, analysing what has changed since the Hilmer Review. It will take a sectoral view of markets affected by impediments to competition (utilities, pharmaceuticals, supermarkets, agribusiness, mining and transport); ask whether the ACCC and other regulatory bodies require change; and take a comparative review of international competition laws.
Structural change in the economy necessitates a hard look at whether our competition policies reflect the way the Australian economy has advanced over the past 20 years. Join CEDA for an in-depth discussion around, and insights into, the 2014 Review of Competition Policy.