Competition law Assignment Solution

COMPETITION LAW

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
In Australia Competition and Consumer Act, 2010 is established for protection of rights
and interests of consumers, along with regulation of competition in particular business
organisation within the country. The main objective of this act is for enhancing welfare or
Australian through promotion of competition and fair trading provisions for consumer protection.
In this report it will discuss about implication of regulation laid under Part IV of act with
composition and prevention of competitors’ behaviour from damaging the competitive process
through loss of consumers.
MAIN BODY
Why regulate for competition:
“We should regulate for competition, where that regulation enhances the efficiency with
which resources are allocated. We should not regulate for competition if that regulation lessen
the efficiency with which resources are allocated.”
Regulation here is CCA,2010- efficiency in allocation goods and services, consumers,
territories and resources to different organisation and market areas and there regulation through
applicability of consumer law and practices.
The statements cannot be agreed in totality as composition is regulated on a regular basis
and it cannot done on partial aspect. In case resource allocation is done with lesser efficiency as
it could become uneven1. So efficiency in resource allocation is required and it can be done
through application of provisions of competition law. In general, it is observed that application
of more laws the competition is hampered and a negative effect on market competition with
application of laws with linearity aspect but it cannot be said that their regulation must not
lessen or stopped. The efficiency in resource allocation is necessary as with this fair and healthy
composition is promoted and restrictive trade practice are also introduced for its effective
competition practices.
Regulating Competition is not a one day task and mere formation of competition law is
not enough for significant applicability to curb unfair trade and competition practices is essential
for making fair and healthy competition and protection of interest of consumers2.
Case law: David’s Holdings v Attorney-General and QIW
1 Taylor, M., Liu, L. and Woolbank, E., 2018. World first inquiry into digital platforms in
the media sector. Governance Directions. 70(3). p.129.
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