What Is Competition Law In Australia

Anti trust competition law from australia.

What is competition law in australia. Debate has centred around whether or not the competition laws are intended to promote competition per se or whether it has a broader purpose and or is intended to operate for the benefit of particular groups. Games of skill are not regulated however to qualify as a game of skill there must be a judge and a set criteria to win. Competition law sometimes known as the law of restrictive trade practices or antitrust law is complex and dynamic. Part iv of the competition and consumer act is aimed at preserving and promoting competition in the marketplace by prohibiting or regulating anti competitive agreements and conduct.

Businesses can apply to the accc for authorisation to engage in this conduct if they consider it provides a public benefit. If you run an online competitionor trade promotion lottery in australia i e. Price fixing agreements don t need to be in writing a verbal agreement or an informal understanding is sufficient. It is a constantly changing battleground of theories made effective in practice by the ubiquitous influence of the australian competition and consumer commission.

As a result most of the cca is drafted to apply only to corporations thus relying on section 51 xx. The appropriate policy objective for competition law actual and desired has been the subject of much debate in australia and elsewhere. Competition policy and the regulation of markets play an important role in promoting a competitive economy as well as ensuring access to markets that are dependant on infrastructure services. In this respect small business has often been singled out.

A game of chance you may be required to hold a permit. This newsletter links to recent media releases reports and cases relating to competition and consumer law. Put simply these are activities by businesses that have the effect of restricting trade and commerce. Competition consumer law in the media practice and regulation and cases.

This includes competitions on social media networks. The main statute dealing with competition laws in australia is the federal competition and consumer act 2010 competition and consumer act. As demonstrated by the australian experience competition policy and regulation is a constantly evolving process. Under a proposed code announced by the australian competition regulator in july facebook and google will be force to pay news media businesses for using their content and be more transparent.