National Competition Policy’s 25th anniversary: …

Ray Steinwall

Competition and Consumer Law Journal

Ray Steinwall, ‘National Competition Policy’s 25th anniversary: A reflection and observations on learnings for policymakers’ (2020) 27 CCLJ 94

Abstract

This year marks the 25th anniversary of the National Competition Policy, which comprised changes to the competition law and a package of structural reforms implemented by all Australian jurisdictions. Its impact was profound, contributing to a significant increase in Australia’s GDP and its overall prosperity. Many of the reforms transformed sectors like energy and the impacts of those structural reforms continue today. The National Competition Policy was also an unparalleled example of cooperative federalism. There is much from that period we can apply today, including lessons for broader areas of policymaking.