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Commonwealth Legislation Review Annual Report 1996-97

Date:

Thursday, 1 April 1999

Content ID:

179

Abstract:

The Commonwealth, State and Territory governments signed three competition policy related intergovernmental agreements at the Council of Australian Governments (COAG) meeting in April 1995. The Agreements encompass commitments to a range of competition reforms. One of those Agreements, the Competition Principles Agreement, includes a commitment to the systematic review of legislation that restricts competition.

Under the Competition Principles Agreement, the guiding principle for legislation is that it should not restrict competition unless it can be demonstrated that: the benefits of the restriction to the community as a whole outweigh the costs; and the objectives of the legislation can only be achieved by restricting competition.

The Commonwealth, States and Territories have agreed to review, and reform where appropriate, any existing legislation (including Acts, Ordinances or Regulations) that restricts competition.
The Agreement requires each jurisdiction to report annually on progress in the review of this legislation. This document is the Commonwealth's progress report for 1996-97.

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