This week’s results provide a reality check for those who argue that the highly concentrated banking and supermarkets sectors lack competition.
The assistant competition minister says Australians are “paying too much for a schooner” and independent brewers say the consumer watchdog should investigate.
Treasurer Jim Chalmers has signalled tough action on non-compete clauses after the United States decided to ban so-called “wage handcuffs” on staff.
Changes aimed at stopping oligopolies becoming more entrenched through mergers make sense. Just don’t hold your breath for lower prices as a result.
The boss of Metcash Food calls for even stronger merger laws,while Aldi Australia’s boss explains why it has no stores in Tasmania.
The government’s merger reforms herald a significant shake-up for competition policy in Australia that will deliver direct benefit to everyone from consumers to big business.
The largest changes to the laws governing business mergers will be unveiled on Wednesday as the government seeks to make the economy more competitive.
The new version of the State Electricity Commission looks set to be exempt from a levy designed to stop government businesses having a competitive advantage.
A wide-ranging inquiry into the economy says the country is lacking dynamism,and it warns without changes living standards will fall.
The chairs of some of Australia’s biggest businesses have defended company profits.
A closed-door meeting of competition experts has been held to discuss the federal government’s plans to renew competition policy across the country.