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Monday, 16 October 2017
Page: 7505

Senator CORMANN (Western AustraliaMinister for Finance and Deputy Leader of the Government in the Senate) (13:37): I would like to thank all of those senators who have contributed to this debate. This bill contains a significant package of reforms to the Competition and Consumer Act 2010. These reforms are designed to simplify the law and address anticompetitive conduct while encouraging procompetitive behaviour. These reforms will strengthen Australia's competition laws and will deliver benefits to consumers, businesses and the economy.

The bill implements a substantial number of the competition law reforms recommended by the independent Harper Competition policy review and agreed to by the government in its response to the review. It also implements the recommendations made by the Productivity Commission in the 2013 inquiry into the National access regime, which the government accepted in its Harper review response. I commend this bill to the Senate.

Question agreed to.

Bill read a second time.