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• Competition policy
• Began with the Trade Practices Act 1974.
Hilmer Report 1993:
- Govt regulations
- Govt ownership of monopolies
- Corporatisation and privatisation
Here is a short summary from Wikipedia:
The stated objective of National Competition Policy, as it applies to the public sector, is to achieve the most efficient provision of publicly provided goods and services through reforms designed to minimise restrictions on competition and promote competitive neutrality. The principal reform required under the policy is the application of a public benefit test to justify the maintenance of any public policy which prima facie restricts competition. Policies for which a public benefit cannot be demonstrated must be repealed or modified so that they do not reduce competition.
The objective of competitive neutrality policy is the elimination of resource allocation distortions arising out of the public ownership of entities engaged in significant business activities: Government businesses should not enjoy any net competitive advantage simply as a result of their public sector ownership. These principles only apply to the business activities of publicly owned entities, not to the non-business non-profit activities of these entities.
Other areas of National Competition Policy require structural reform of public monopolies and require owners of monopoly facilities to negotiate third-party access agreements with other users.
• Began with the Trade Practices Act 1974.
Hilmer Report 1993:
- Govt regulations
- Govt ownership of monopolies
- Corporatisation and privatisation
Here is a short summary from Wikipedia:
The stated objective of National Competition Policy, as it applies to the public sector, is to achieve the most efficient provision of publicly provided goods and services through reforms designed to minimise restrictions on competition and promote competitive neutrality. The principal reform required under the policy is the application of a public benefit test to justify the maintenance of any public policy which prima facie restricts competition. Policies for which a public benefit cannot be demonstrated must be repealed or modified so that they do not reduce competition.
The objective of competitive neutrality policy is the elimination of resource allocation distortions arising out of the public ownership of entities engaged in significant business activities: Government businesses should not enjoy any net competitive advantage simply as a result of their public sector ownership. These principles only apply to the business activities of publicly owned entities, not to the non-business non-profit activities of these entities.
Other areas of National Competition Policy require structural reform of public monopolies and require owners of monopoly facilities to negotiate third-party access agreements with other users.
Smeegen999
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National Comp Policy is made up of of 5 major reforms:
1. Government Business Enterprise Reforms (corporatisation)
2. Reform of the professions - pharmacists, doctors, dentists - previously unregulated
3. Access rights to essential infrastructure for all businesses
4. ACCC and NCC established to oversee implementation of NCP in business and enforce Trade Practices Act
5. State Government instrumentalities - comp reforms to gas, water, electricity industries
i remeber the acronymn GRAAS lol
1. Government Business Enterprise Reforms (corporatisation)
2. Reform of the professions - pharmacists, doctors, dentists - previously unregulated
3. Access rights to essential infrastructure for all businesses
4. ACCC and NCC established to oversee implementation of NCP in business and enforce Trade Practices Act
5. State Government instrumentalities - comp reforms to gas, water, electricity industries
i remeber the acronymn GRAAS lol