A new competition law regime for Australia

Article Abstract:

The Council of Australian Governments' adoption of the Competition Policy Reform Bill on Apr 10-11, 1995, is a major development in competition law with positive provisions such as allowing price fixing. However, many provisions may make the situation worse such as the access regime which instead of improving the current confusion will further complicate it. Revisions are still necessary and the Council will have to work hard to implement the reforms but overall this action is an improvement.

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The future of long-term contracts under the Trade Practices Act

Article Abstract:

The Australian Competition Tribunal's decision in In re AGL Cooper Basin Natural Gas Supply Arrangements may force the Australian Competition and Consumer Commission (ACCC) to be more flexible regarding gas industry contracts. The tribunal did not favor restriction of take-or-pay or right-of-first-refusal clauses, and also supported long-term contracts. This decision recognizes the gas industry will be a major competitor with electricity over time.

Contracts, Powers and duties, Australia. Competition and Consumer Commission

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(Approval of the Competition Policy Reform Bill) (Australia)(Editorial)

Article Abstract:

The Australian state and territory governments have approved of the Competition Policy Reform Bill which will codify many of the recommendations in the Hilmer Report. However, certain areas will increase confusion such as the access regime while others such as the exemption of overseas cargo shipping were clearly entered to benefit a special interest group. The question of cross-media ownership is not addressed.

Editorial

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