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Being regulatedAnne MustowPresentation to 13th Annual Competition & Economics Workshop23 October 2015
This is a presentation of my personal views, not those of my employer.
1. The cost and the benefit
2. Managing the cost
3. Erosion of the benefit
4. Harper Recommendations 8, 9 & 12
Being Regulated
The cost and the benefit of being regulated by competition law
Costs• Compliance culture• Compliance systems• Resources, time, distraction
Benefits• Level playing field advantage• Facilitates success when strategy aligns• Trust
Managing the cost
Planned costs Unplanned
costs
This is not the team member or the customer in my example!
Erosion of the benefit
Example 1: WA Trading hours• barrier to entry• prevents competition• constrains economic growth
Example 2: Municipal trolley rules• un-level playing field• distorts competition• extra-jurisdictional market effect
Example 3: Planning rules• Zoning = barriers to entry• Anti-competitive gaming• Delays anti-competitive
“All Australian governments should review regulations, including local government regulations ...”
“… governments should subject restrictions on competition in planning an zoning rules to the public interest test…”
“Remaining restrictions on retail trading hours should be removed.”
Harper Recommendations 8, 9, 12
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