Australian Competition Law

Australian Competition Law, primarily governed by the Competition and Consumer Act 2010, promotes fair trading and competition while preventing anti-competitive behaviors such as monopolies, cartels, and misuse of market power. It aims to ensure businesses compete on merit, providing consumers with choice, fair prices, and quality products. The Australian Competition and Consumer Commission (ACCC) enforces these laws, investigating breaches and promoting a competitive marketplace that benefits both consumers and genuine businesses.