Australian government response to the competition policy review

The Government has released its response to the Competition Policy Review (\u27the Harper Review\u27). The Government asked Professor Ian Harper and an expert panel to undertake an independent \u27root and branch\u27 review of competition policy. This was the first comprehensive review of Australia\u27s competition framework in more than 20 years and delivers on a key election commitment.  The Harper Review\u27s Final Report made 56 recommendations for reforms across three key themes: competition policy, laws and institutions. The Government will implement the majority of the Harper Review\u27s recommendations. Many of the recommendations are in areas of state and territory responsibility and the Government will work closely with the states and territories to advance reform. The package of reforms outlined in the Government\u27s response will strengthen Australia’s long-term economic performance by promoting more dynamic, competitive and well-functioning markets for the benefit of all Australians