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Competition: the best price regulator

Chairman's speech

On 21 November 2000, the Chairman Gary Banks addressed the Committee for the Economic Development of Australia (CEDA) at the Hyatt Regency Hotel, Perth.

Contents


Transformation of the Australian economy

Reform has yielded significant benefits
Incomes and jobs have expanded
Prices have been 'disciplined'

When is pricing a policy problem?

Perils of price regulation
The Prices Surveillance Act
The National Access Regime

Restriction on competition remain

Bottom line