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Birdsville amendment: a win for small business.

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The Hon Peter Dutton MP Shadow Minister for Finance, Competition Policy and Deregulation

The Coalition will seek to retain the “Birdsville Amendment” in its current form, Peter Dutton, the Shadow Minister for Finance, Competition Policy and Deregulation, said today.

“Small business is the engine room of the economy, and the sector in this country employs around four million people, which represents over 45% of the workforce.

“Given the importance of the sector, the Coalition will not support the proposed amendments to the “Birdsville Amendment”.

“Birdsville was only enacted at the end of 2007. It needs time to work and to be tested in the judicial system, and we want to ensure that small businesses are not pushed out of the market by unfair competitive practices by much larger competitors.

“Large businesses should not be worried about their ability to discount their products. Consumers will not miss out on stocktake sales, Christmas sales, or sales to clear old stock.

“The only businesses that will get caught by Birdsville will be those who are ‘predatory pricing’, or in other words, selling goods below cost with the intent to substantially damage or eliminate their competition.

“If predatory pricing is allowed, consumers will ultimately pay higher prices, and would be worse off.

“This is a win for small business, a win for competition, and overall a win for consumers.”