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It is also known as antitrust law (or just antitrust [4]), anti-monopoly law, [1] and trade practices law; the act of pushing for antitrust measures or attacking monopolistic companies (known as trusts) is commonly known as trust busting. [5] The history of competition law reaches back to the Roman Empire.
The ACCC administers the Competition and Consumer Act, and has standing to take action in the Federal Court of Australia to enforce its provision. [8] The Competition and Consumer Act contains a broad range of provisions, such as provisions on anti-competitive conduct, the Australian Consumer Law and regulation of telecommunications and energy industries. [9]
The Competition and Consumer Act 2010 (CCA) [1] is an Act of the Parliament of Australia.Prior to 1 January 2011, it was known as the Trade Practices Act 1974 (TPA). [2] The Act is the legislative vehicle for competition law in Australia, and seeks to promote competition, fair trading as well as providing protection for consumers.
Australia's competition regulator onThursday raised initial concerns over Aon's $30 billionbid for Willis Towers Watson to create the world'slargest insurance broker, close on the heels of a ...
Alphabet Inc's Google on Monday said a proposed antitrust law in Australia forcing tech firms to pay for news that appears on their social media websites would adversely impact individual content ...
Sydney: The Law Book Co. pp. 266–297. Brunt, Maureen (1993). "Australian and New Zealand Competition Law and Policy". In Barry Hawk (ed.). Fordham Corporate Law Institute: International Antitrust Law and Policy. New York: Juris Publishing. pp. 131–193. Brunt, Maureen (1999). "Antitrust in the Courts: The Role of Economics and of Economists".
Dumping, also known as predatory pricing, is a commercial strategy for which a company sells a product at an aggressively low price in a competitive market at a loss.A company with large market share and the ability to temporarily sacrifice selling a product or service at below average cost can drive competitors out of the market, [1] after which the company would be free to raise prices for a ...
The history of competition law refers to attempts by governments to regulate competitive markets for goods and services, leading up to the modern competition or antitrust laws around the world today. The earliest records traces back to the efforts of Roman legislators to control price fluctuations and unfair trade practices.