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Australia: Implemented Treasury Laws Amendment (More Competition, Better Prices) Bill 2022 increasing fines for anticompetitive conduct

Policy overview

Description

Implemented Treasury Laws Amendment (More Competition, Better Prices) Bill 2022 increasing fines for anticompetitive conduct

On 10 November 2022, the provisions outlined in the Treasury Laws Amendment (More Competition, Better Prices) Bill 2022, increasing the fines for anticompetitive conduct, entered into force after receiving the Royal Assent on 9 November 2022. The Bi…

Scope

Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
cross-cutting
Implementation Level
national
Government Branch
legislature
Government Body
parliament

Complete timeline of this policy change

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2022-08-18
in consultation

On 18 August 2022, the Australian Treasury opened a consultation on an Exposure Draft increasing th…

2022-08-25
processing consultation

On 25 August 2022, the Australian Treasury closed the consultation on an Exposure Draft increasing …

2022-09-28
under deliberation

On 28 September 2022, the Treasury Laws Amendment (More Competition, Better Prices) Bill 2022, amen…

2022-10-27
adopted

On 27 October 2022, the Treasury Laws Amendment (More Competition, Better Prices) Bill 2022, amendi…

2022-11-10
in force

On 10 November 2022, the provisions outlined in the Treasury Laws Amendment (More Competition, Bett…

2023-11-10
in force

On 10 November 2022, the provisions outlined in the Treasury Laws Amendment (More Competition, Bett…