Competition Law

Australian Competition Law and Policy Discussion

Submissions on price signalling bills due Friday

Posted by Julie Clarke on 18 May 2011

Late yesterday the Government announced that submissions to the House Standing Committee on Economics on both the opposition and the government price signalling bills (the Competition and Consumer (Price Signalling) Amendment Bill 2010 and the Competition and Consumer Amendment Bill (No.1) 2011 respectively) were due THIS FRIDAY 20 MAY … yes, they’ve given interested parties less than three days to make a considered submission.

This hopelessly inadequate time frame for considered submissions is all the more farcical given the criticisms of government bill raised first by the Senate Economics Committee in their Banking inquiry Report (chapter eight) and more recently by the Senate Standing Committee for the Scrutiny of Bills, which raised concerns about the fact that the ‘scope of the prohibitions introduced by this bill are to be determined entirely through delegated legislation.’ (see Senate Standing Committee for the Scrutiny of Bills Altert Digest 4 (pages 19-20)).

For those interested in the issue and in making a submission I also recommend reading the op-ed on page 63 of today’s Fin Review by Caron Beaton-Wells and Brent Fisse, who have been the most vocal commentators on the Government’s proposed price signalling laws. You may also wish to read the submission made by Caron and Brent to the Treasury following the release of their initial exposure draft bill – other submissions relating to that draft can be found here (there may have been more considered submissions on that draft had the submission period not been over the Christmas/school holiday period!)

View the Inquiry home page.

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