Competition Policy Review International Conference QT Hotel, Canberra 23-24 October 2014.

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Presentation transcript:

Competition Policy Review International Conference QT Hotel, Canberra October 2014

The Panel & process Broad Terms of Reference announced on 27 March Issues Paper released and first consultation process began on 14 April Draft report released on 22 September Second consultation process runs until 17 November Broad Terms of Reference announced on 27 March Issues Paper released and first consultation process began on 14 April Draft report released on 22 September Second consultation process runs until 17 November

Context for this Review 1990s2014Future

Major forces for change Globalisation Ageing population Digital revolution

We have assessed Australia’s competition policy to see if it is still ‘fit for purpose’

We have recommended changes in three main areas COMPETITION POLICY COMPETITION POLICY COMPETITION LAWS COMPETITION LAWS COMPETITION INSTITUTIONS COMPETITION INSTITUTIONS

Objectives of the Conference Testing recommendations with experts Are the priorities right? Is the case compelling? Do the reforms work as a package? How to sustain reform/ what are the impediments?

Competition policy recommendations Revised set of competition principles Priority reform areas: Human ServicesCompetitive neutrality TransportElectricity, Gas and Water Intellectual PropertyPlanning and Zoning Parallel imports Priority reform areas: Human ServicesCompetitive neutrality TransportElectricity, Gas and Water Intellectual PropertyPlanning and Zoning Parallel imports Review of regulatory restrictions on competition

Competition law recommendations Simplify the law Misuse of market power Price signalling Mergers Exemption processes National Access Regime

Competition institution recommendations New national competition body Separate access and pricing regulator Competition and consumer regulator with new governance structure 8

Conference Outline Session 1. New Reform Sectors Session 2. Competition Laws Session 3. Competition Institutions and Governance Conference Dinner 7pm National Gallery of Australia Day 2 Day 1 Concurrent Workshops

Draft report released 22 September Consultation until 17 November Final report March Next steps