Competition and Consumer Amendment (Misuse of Market Power) Act 2017

The Competition and Consumer Amendment (Misuse of Market Power) Act 2017 strengthens laws to prevent large companies with significant market power from engaging in unfair or anti-competitive conduct. It aims to ensure that dominant firms do not misuse their position to stifle competition, harm consumers, or prevent others from competing fairly. The act clarifies and enhances regulatory powers to investigate and address such misconduct, promoting a more competitive and fair marketplace.