Independent Review – The Treasury
On 24 November 2015, the Government released its response to the Competition Policy Review. The Government asked Professor Ian Harper and an expert panel to undertake an independent 'root and branch' review of competition policy.
The Competition Policy Review Report made 56 recommendations for reforms across three key themes: competition policy, laws and institutions. The Government will implement the majority of the Competition Policy Review's recommendations. The Competition Policy Review Report was certified by the Treasury as meeting the requirements of a Regulation Impact Statement. The Office of Best Practice Regulation (OBPR) does not assess independent reviews.
The Treasury has estimated the average annual regulatory cost saving at $4.7 million from the recommendations that will be implemented. The OBPR has agreed to the regulatory cost saving.
- The competition policy review report is available on The Treasury's website
- Government Response – [
1.4MB] - Government Response – [
427KB] - Treasury Certification letter – [ 161KB]
- Treasury Certification letter – [ 224KB]
- OBPR Acknowledgement Letter – [ 153KB]
- OBPR Acknowledgement Letter – [ 52KB]