Government commitments to review and reform restrictive regulation, introduce competitive neutrality, restructure public monopoly businesses and provide rights of access have the effect of exposing sheltered areas of the economy to greater competitive pressure so encouraging greater efficiency. Recognising that effective competition may not always be achievable, government oversight or pricing can also be an appropriate action.
Under clause 2 of the Competition Principles Agreement states and territories undertook to consider establishing independent sources of prices oversight of their monopolistic business enterprises.
Key prices oversight documents on this site
- The Competition Principles Agreement (see clause 2)
- State and territory annual National Competition Policy reports
- National Competition Council progress assessment reports