Revitalising National Competition Policy
04.10.2024 - 12:38
Mandala's submission to the National Competition Policy Unit on Revitalising National Competition Policy, focuses on realigning Australia's legislative settings on competition to meet the current realities of our economy.
The National Competition Policy (NCP) was introduced three decades ago in recognition that government legislation had a large role to play in realising the objectives of competition law. But the needs of the economy have changed significantly over the last three decades. Some parts of the payments system have been disrupted by new entry. The competitive dynamics of retail have been transformed by online channels. AI changed the way that businesses compete. The NCP needs to be revitalised to unlock future productivity and prosperity in our economy.
Our submission has been informed by Mandala’s recent research across a cross-section of sectors in the economy, including retail, superannuation, health care, and financial services.
Read Mandala's Submission here.
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