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The Implications of National Competition Policy
Author(s) -
Boswell Senator Ron
Publication year - 1996
Publication title -
australian journal of public administration
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.524
H-Index - 41
eISSN - 1467-8500
pISSN - 0313-6647
DOI - 10.1111/j.1467-8500.1996.tb01204.x
Subject(s) - competition (biology) , competition policy , economics , economic efficiency , public economics , public policy , perfect competition , law and economics , business , market economy , microeconomics , economic growth , monopoly , ecology , biology
The Competition Policy Reform Bill 1995 is part of a national policy package which aims to free up competition in Australian markets. The objective is to systematically remove anti‐competitive behaviour so that efficiency is improved to the public benefit. While one can endorse the concept that economic efficiency is best served in a purely competitive market, where businesses can get on with their responsibilitiy to maximise profits, concerns exist as to whether it is possible to impose legislatively and unilaterally an economic principle or philosophy on a nation that will achieve its lofty objectives. These proposals were developed before the 1996 federal election.