The Australian Competition and Consumer Commission welcomes the release of the Government’s response to the recommendations of the Harper Review.
“The ACCC supports the Government’s new micro economic reform agenda, which strongly affirms competition principles as a basis for action,” ACCC Chairman Rod Sims said.
The ACCC particularly endorses the removal of regulatory barriers to competition across a variety of sectors.
“These reforms are the most significant of their kind in over 20 years and once implemented should boost economic growth significantly,” Mr Sims said.
“The ACCC is also pleased to see recommendations that will simplify the Competition and Consumer Act 2010 which will make it easier for businesses to understand their obligations as well as reforms improving merger assessment processes.“
“Further recommendations regarding the introduction on a prohibition on concerted practices and reforms to the collective bargaining process are also welcome,” Mr Sims said.
“The ACCC looks forward to working constructively with the Government as it implements these recommendations.”