Competition law changes come into force TODAY
Last month two Acts implementing the biggest changes in Australia’s competition laws in over 20 years were passed into law.
On Thursday last week a commencement date of 6 November 2017 was proclaimed for these changes. Most changes are therefore in force TODAY – earlier than was generally expected.
- The controversial ‘effects test’ for misuse of market power is in effect;
- ‘Concerted practices’ are now prohibited;
- Third line forcing is no longer prohibited outright;
- The new test for authorisations is in place, potentially allowing more arrangements to be authorised than previously;
- Immunity can be more easily obtained for resale price maintenance; and
- Many other changes come into force.
A summary of the changes can be found here. If you have any queries, please contact the Competition and Consumer Law team at HWL Ebsworth Lawyers.
Important Disclaimer: The material contained in this publication is of a general nature only and is based on the law as of the date of publication. It is not, nor is intended to be legal advice. If you wish to take any action based on the content of this publication we recommend that you seek professional advice.