Harper slams effects test critics

Original article by Michael Roddan
The Australian – Page: 21 : 26-Jul-16

Professor Ian Harper has expressed his support for the introduction of the "effects test" into Section 46 of the Competition & Consumer Act. He has accused critics of the proposed new regulation of misrepresenting its nature. Harper strongly objects to describing the test as a form of protectionism and rejects such criticism as "wilful distortion."

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. PRODUCTIVITY COMMISSION

Big business takes hit to please Nats

Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 13 : 17-Mar-16

The Federal Government has decided to introduce an "effects test" to competition law. The Business Council of Australia opposes the "effects test", but the new policy is supported by other organisations, including the Australian Chamber of Commerce & Industry, the Australian Competition & Consumer Commission and the Australian Industry Group. Wesfarmers CEO Richard Goyder expressed his disappointment with the decision at "The Australian Financial Review" Business Summit.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, BUSINESS COUNCIL OF AUSTRALIA, NATIONAL PARTY OF AUSTRALIA, COLES GROUP LIMITED, WOOLWORTHS LIMITED – ASX WOW, BHP BILLITON LIMITED – ASX BHP, COUNCIL OF SMALL BUSINESS ORGANISATIONS OF AUSTRALIA LIMITED, AUSTRALIAN LABOR PARTY, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, THE AUSTRALIAN INDUSTRY GROUP

Business v Barnaby in effects-test stoush

Original article by Patrick Durkin
The Australian Financial Review – Page: 4 : 22-Feb-16

Australia’s new Deputy Prime Minister Barnaby Joyce says the National Party favours making changes to competition law to introduce a so-called "effects test". However, many blue-chip companies oppose any move to introduce changes to the misuse of market power provisions in order to protect small businesses. They include Woolworths, Wesfarmers, Insurance Australia Group and Boral.

CORPORATES
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, NATIONAL PARTY OF AUSTRALIA, WOOLWORTHS LIMITED – ASX WOW, WESFARMERS LIMITED – ASX WES, INSURANCE AUSTRALIA GROUP LIMITED – ASX IAG, BORAL LIMITED – ASX BLD, SYDNEY AIRPORT – ASX SYD, AUSTRALIA. DEPT OF THE TREASURY, FOXTEL MANAGEMENT PTY LTD, AGL ENERGY LIMITED – ASX AGK, TELSTRA CORPORATION LIMITED – ASX TLS, COLES SUPERMARKETS AUSTRALIA PTY LTD, KMART AUSTRALIA LIMITED, TARGET AUSTRALIA PTY LTD, BUNNINGS GROUP LIMITED, IGA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Bowen warns on effects test

Original article by Primrose Riordan
The Australian Financial Review – Page: 11 : 22-Oct-15

The Australian Retailers Association, Master Grocers Australia and the Australian Chamber of Commerce & Industry are among the groups that support adding a so-called "effects" test to the Competition Act. However, shadow treasurer Chris Bowen has told an audience of grocers that small businesses would face a huge legal bill if they pursue action under the effects test and fail. Master Grocers Australia CEO Jos de Bruin has dismissed Bowen’s comments as a "scare campaign".

CORPORATES
AUSTRALIAN RETAILERS ASSOCIATION, MASTER GROCERS’ AUSTRALIA PTY LTD, AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRY, AUSTRALIAN LABOR PARTY, AUSTRALIAN HOTELS ASSOCIATION, NATIONAL FARMERS’ FEDERATION LIMITED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

Wesfarmers criticises ‘effects test’

Original article by Julie-Anne Sprague
The Australian Financial Review – Page: 10 : 2-Apr-15

The final report of the Harper review of competition law has recommended strengthening existing laws on the misuse of market power. However, retail giants Woolworths and Wesfarmers do not support the introduction of a so-called "effects test", and Wesfarmers CEO Richard Goyder believes that it may in fact adversely affect consumers. An effects test has the support of National Farmers’ Federation CEO Simon Talbot

CORPORATES
WESFARMERS LIMITED – ASX WES, WOOLWORTHS LIMITED – ASX WOW, NATIONAL FARMERS’ FEDERATION LIMITED, AUSTRALIAN LABOR PARTY, COLES GROUP LIMITED