Big business break-up powers ‘would be useful’: ACCC chief Gina Cass-Gottlieb

, but her priority is strengthening Australia’s merger laws and new powers to tackle unfair practices, including by smartphone apps.if they abused their market power, while Nationals Senate leader Bridget McKenzie said backing for new divestiture powers had been strengthened by big business’ support for the Yes campaign for the Voice.

On merger laws, Ms Cass-Gottlieb said she was hoping “we might get a decision on that soon from the government”., opening consultation on changes that could mean companies need approval from the Federal Court for acquisitions, and creating a mandatory notification scheme.The summit also heard on Thursday from Prime Minister Anthony Albanese, who promised to make energy relief a priority as part of next month’s federal budget, and NSW Premier Chris Minns.

“We are looking for unfair trading practices reform as well. It is proceeding through a government reform consideration process at a Commonwealth and state level but all of us need to keep a key focus to make sure this gets through into the law.”

Source: News Formal (newsformal.com)

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