This report examined competition policy reforms and their impact on rural and regional Australia.

This report recommends implementation of a national competition policy for Australia. The Committee of Inquiry was established in October 1992 by the Prime Minister following agreement by all Australian governments on the need for a national policy and its basic principles.

This report addresses two questions. First, did the tax and subsidy changes in Australia, Sweden and the US increase or decrease the efficiency of the allocation of capital among business uses and housing and within the housing stock? Second, did the changes alter the incentives for business investment across countries, i.e., alter the international competitiveness...