The Harper review has resulted in significant changes to Australian competition law. Multinationals and Australian businesses alike are reviewing their practices in response.
Starting Monday, 6 November 2017, a person with a substantial degree of power in a market will be prohibited from engaging in conduct that has the purpose, or has or is likely to have the effect, of substantially lessening competition.
Unilateral conduct that once was permissible because it did not constitute "taking advantage" of market power and/or did not have an anti-competitive purpose could soon be on the ACCC's radar. Penalties for non-compliance can exceed $10 million.
If so, you might need a market power health check. To make the review process easier, and demystify the heavily-debated changes and their impact upon your business we have put together a specific offering. Our fit-for-purpose and cost-effective packages are designed to assess regulatory risks in the context of Section 46, resolve any pending issues, and aid compliance.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.