Economics Committee examining healthy competition and boosting productivity

AUSTRALIA's competition landscape will be the focus of the House of Representatives Standing Committee on Economics’ public hearings with the Productivity Commission and the Australian Competition and Consumer Commission (ACCC) on March 16 and 17, 2023.

These are the first hearings for the committee’s new inquiry into promoting economic dynamism, competition and business formation.

Committee Chair, Daniel Mulino MP said, "Healthy competition and stimulating productivity can enhance the wellbeing of all Australians.

"Boosting productivity is a key driver of wages growth, while healthy competition can lead to higher quality goods and services, greater variety, lower prices, and more innovation.

"The Productivity Commission and the ACCC are key players in these areas and a number of other issues that the committee will be exploring throughout this inquiry. Both organisations have done extensive work in this field, so the committee will benefit from their perspectives and experience."

The committee is also seeking submissions that respond to some or all of the inquiry Terms of Reference by Friday, March 31, 2023. Submissions can be made online via www.aph.gov.au/economicdynamism.

More details about the inquiry and upcoming public hearings, including the full terms of reference, are available on the committee’s website.

Public hearing details

Productivity Commission
Date:Thursday 16 March 2023
Time: 2pm to 4pm

Australian Competition and Consumer Commission
Date: Friday 17 March 2023
Time: 11am to 1pm

Both public hearings will be broadcast live at https://www.aph.gov.au/live.

For more information about this committee, visit its website. 

 

ends