This is the first comprehensive review of Australia’s competition laws and policy in over 20 years. The National Competition Policy Review (The Hilmer Review) of 1993 underpinned the development of the National Competition Policy – a co-operative initiative of the Commonwealth and State and Territory governments that the Productivity Commission found contributed to a surge...

Both the world and Australian economies have changed significantly since the Hilmer Review of the 1990s. The recommendations in this Draft Report seek to bring Australia’s competition policy up to date. The review assessed Australia’s competition policy to see if it is still ‘fit for purpose’, and asks: