Saturday 27 September 2014

Government Panel Recommends Sweeping Changes To Retail

A draft report from the Competition Policy Review Panel tackles issues including competition, trading hour deregulation, liquor licensing rules, and the artificially high prices paid by Australian consumers for some goods and services.
The leader of the panel, economist Ian Harper, said - “Australia’s competition policy needs to be fit for purpose, and updated for the economic opportunities and challenges Australia will face in coming decades. We face forces for change from increased globalisation, population ageing and new technologies, which are rapidly changing the way our markets operate.”
Competition between instore and online and within the grocery and pharmaceutical categories is a focus of the report along with the abolishment of trading hour restrictions with the exception of Christmas Day, Good Friday and Anzac Day mornings.

The draft report is open for consultation before 17th November and then final submission in March 2015.