The Commission’s review is occurring against a backdrop of declining productivity growth in the past decade. As such, a key focus of the review is to ‘look at competition laws, policies and institutions to ensure they remain fit for purpose, with a focus on reforms that would increase productivity, reduce the cost of living and boost wages’.
As part of the study, the Commission will consider how consumers and households are likely to be effected by competition policy. This includes impacts on consumer welfare, cost of living and standards, consumer choice and product quality.
The Commission’s call for submissions outlines the focus of the study and identifies a range of issues on which the Commission seeks information and feedback. Submissions are due by 15 May 2024.
For more information, see: https://www.pc.gov.au/inquiries/current/competition-analysis/call-for-submissions