ARA welcomes Draft Competition Policy Review Report

 

PEAK retail industry body the Australian Retailers Association (ARA) today welcomed the Harper Competition Review Draft Report.

ARA Executive Director Russell Zimmerman said that this is the first comprehensive review of Australia’s competition law, policy and institutional framework in 20 years.

“The ARA is hopeful that this review will help identify ways to build the economy and promote investment, growth, job creation and durable benefits to consumers and retailers alike.

“We certainly welcome the panel’s view that there is a need to reinvigorate Australia’s competition policy, and ensure that competition policy evolves.

“We were pleased to see the issue of trading hours brought to attention - as long as retailers are not forced to open by landlords if not profitable.

“It was also pleasing to see commentary about the effects test and the ARA will be putting forward a submission in relation to these areas before November to the Competition Policy Review committee,” Mr Zimmerman said.

Since 1903, the Australian Retailers Association (ARA) has been the peak industry body representing Australia’s $265 billion retail sector, which employs over 1.2 million people. The ARA ensures retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia.

Visit www.retail.org.au or call 1300 368 041.

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