Second Reading Speeches

Competition and Consumer Amendment Bill (No. 1) 2011

Type
Government
Portfolio
Treasury
Originating house
House of Representatives
Status
Act
Parliament no
43

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Summary

Amends the

Competition and Consumer Act 2010
to: prohibit the private disclosure of pricing information to a competitor; prohibit disclosure of that or other information if the disclosure is made to substantially lessen competition; provide that the prohibitions only apply to goods and services prescribed by regulations; provide exceptions to the prohibitions; and extend existing authorisation and notification regimes to enable businesses to obtain immunity from the Australian Competition and Consumer Commission from the prohibitions where a public net benefit results.

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