Competition and Consumer Act 2010
As part of a wide ranging interview on the year ahead the Chairman of the ACCC, Mr Rod Sims, welcomed the coming Root and Branch competition review. He said the review will be extremely important in terms of addressing impediments to competition which will benefit the economy generally.
He also said that the competition review was likely to address the role of government in markets, and then went on to say that, generally, the private sector will run commercial enterprises more efficiently than government.
ACCC Chairman Rod Sims delivers the keynote address to the RBB Economics Conference in Sydney. Mr Sims argues that we should embrace the root and branch review of competition policy and law. He also discuss how each of the three tasks the ACCC performs enhances competition, and the close linkages between them. The Chairman also reflects on the role of economic logic in competition cases.
In an address to the Commonwealth Club of Adelaide, ACCC Commissioner Sarah Court outlines compliance and enforcement priorities. Ms Court discusses recent activities and covers issues such as credence claims, energy promotions and consumer guarantees.
Addressing the University of Wollongong’s SMART international infrastructure symposium, ACCC Chairman Rod Sims discusses the role that appropriate infrastructure regulation can play in the wider productivity debate. Mr Sims explains the key factors underpinning efficient infrastructure in the areas of land transport, shipping, electricity, communications and water.
The Australian Competition and Consumer Commission has released the ACCC’s Informal Merger Review Process Guidelines 2013. This follows a consultation process on a draft of the Guidelines with key stakeholders in July, including detailed discussions with the Law Council of Australia.
“The Informal Merger Review Process Guidelines have been updated to reflect important recent developments in the ACCC’s approach to merger reviews, as well as incorporating some additional changes aimed at improving efficiency and transparency,” ACCC Chairman Rod Sims said.
The Federal Court has made interim declarations in the matter of ACCC v Cement Australia Pty Ltd & Ors, which involved numerous alleged breaches of the competition provisions of the then Trade Practices Act 1974 (the Act), now Competition and Consumer Act 2010.
In a wide-ranging address to the Law Council's AGM in Sydney, Chairman Rod Sims outlines the ACCC's priorities. Mr Sims discusses the importance of infrastructure regulation and provides an update on the ACCC's compliance and enforcement activities, including a focus on product safety. He also explains the ACCC's approach to merger reviews and foreshadows changes to the process guidelines and separately the ACCC’s commitment to engaging in the wider Asian region. Mr Sims also pays tribute to the Trade Practices Commission’s first Chairman, Ron Bannerman.