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Claytons Competition Commissioner.



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Media Statement

MARK LATHAM MP SHADOW TREASURER MANAGER OF OPPOSITION BUSINESS MEMBER FOR WERRIWA

18 July 2003

Claytons Competition Commissioner

The Federal Opposition remains opposed to the appointment of Graeme Samuel as the head of the ACCC.

Someone who lists his occupation as “company director and corporate strategic consultant” (Who’s Who 2002) should not be in charge of corporate competition policy. It gives rise to conflicts of interest, both real and

perceived.

It is also further evidence of the winding back of private sector competition in Australia. Just as Peter Costello is a policy free zone on social capital, he is without policies to deliver competitive markets and consumer gains.

On Costello’s watch, competition has gone backwards in the retail, airline, media, telecommunications, banking and farm sectors. Across the economy, Australian industry is trending towards duopoly and monopoly.

Costello established the Dawson review of the Trade Practices Act in response to the demands of big business. Now he has appointed his mate Graeme Samuel to weaken the merger and acquisitions policy of the ACCC.

Costello is in favour of market concentration and business preferment. Labor favours competitive markets and productivity. That’s the big difference on economic policy.

Graeme Samuel has a lengthy CV of corporate appointments and corporate deals. That’s the reason he should not head the ACCC. One of the poachers should not be made gamekeeper.

He’s a Claytons ACCC Commissioner - the Competition Commissioner you have when you’re not really having a Competition Commissioner.

Contact: Michael Cooney 0411 591 120 mob