2010•OECD Reviews of Regulatory Reform/OECD reviews of regulatory reformRequires access

Competition Policy

OECD

Abstract

This chapter is a summary of the background report Competition law and policy in Australia. It describes competition policy and law enforcement. It explains the integrated National Competition Policy reforms of the 1990 and the strengthening and modernisation of competition law and enforcement that accompanied it. The basic elements of the main competition law, the Trade Practices Act, are explained, and recent amendments about cartel enforcement and predatory pricing are analysed. It also describes sector-specific competition issues and special regimes, some of them based on laws of States and Territories.

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Key concepts: Competition law, Enforcement, Cartel, Competition policy, Competition (biology), Modernization theory, Economics, Law enforcement