Competition report: Harper review draft proposes policy overhaul

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The Harper Competition Review has arrived in draft form, calling for a radical shake-up in competition policy to maintain Australia’s economic competitiveness.

A new federal government-commissioned report calls for a shake-up in Australia’s competition policy, two decades after Fred Hilmer’s landmark report.

Small Business Minister Bruce Billson took delivery of the Harper Competition Review draft report today, from a panel chaired by Deloitte economist Professor Ian Harper.

The report says competition policy requires “reinvigoration”, with laws changed to simplify provisions and streamline approval processes, while highlighting a gap in regulatory structures.

Harper finds seven priority reform areas in competition policy, proposing a review of regulations restricting competition and asking whether competition principles should apply to all activities of government.

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