An agenda for National Competition Policy inquiry

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The Monash Business Policy Forum has released its first two papers:

  1. The Agenda for the Review of National Competition Policy, by myself, Graeme Samuel and Chris Jose; and
  2. Principles for Australian infrastructure finance, By Rod Maddock

Also, if you are in Melbourne this evening (Thursday, November 14), Graeme and I will be presenting the paper at a talk for the Economics Society at 295 Queens Street (enter from Little Lonsdale St) in Room ROGL02 from 5pm to 6.45pm. I hope to see some of you there.

On the Agenda, the press has picked up on the ‘juicy bits’, such as whether the ACCC should be divided into smaller regulators, but we cover a whole range of areas in both the competition laws and to ‘reboot’ national competition policy. I wont restate the various arguments here – and as is clear from the paper, our objective is to raise questions as much as provide answers – so I hope you enjoy the paper.

2 Responses to "An agenda for National Competition Policy inquiry"
  1. Looks like a detailed application letter for that review job! I hope you get it. Melbourne currently really is a hub for these policy institutes churning out detailed commentary on central government issues. The result of healthy competition?

  2. Interesting shopping list. Let me suggest a different foci. Just concentrate on the big stuff.

    First, look at the one area where the regulatory function has done a hopelessly poor job, that is, the pricing of the major formerly-government monopolies and oligopolies (telecommunications, airports, water, etc.) Because of the club nature of regulation of these industries, no one wants to say it out loud, but these are pricing regulation disasters.

    Secondly, look at international transfer pricing and associated tax law. It is well known that Australia has slack laws and regulation in this area that make us a joke among the big boys. The effect of not taxing importers and semi-processors correctly is to punish savagely our domestic competitors. Competition is not just about the stuff in Joe Bain’s book.

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