Businesses fear new ACCC rule

By Staff Reporter

Among the parties opposed to such a move are Qantas Airways, Woolworths, Wesfarmers, Caltex and Foxtel, with the Business Council of Australia hitting back at the plan. “This sort of legislation causes uncertainty, inefficiency and discourages innovation,” Danny Gilbert, the BCA’s competition inquiry taskforce chair and Gilbert + Tobin managing director, told the AFR.

The proposal, being backed by competition regulators and Small Business Minister Bruce Billson, would result in an ‘effects test’ to ensure companies consider the impact of any business decision they make on the viability of their rivals.

Read more here: Business Spectator


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