Already a subscriber?There’s real irony in the fact that ACCC chairwoman Gina Cass-Gottlieb, the competition lawyer widely regarded as the best of her generation, will oversee the biggest shake-up in competition law in decades.to be formally announced on WednesdayFederal Treasurer Jim Chalmers and ACCC chairwoman Gina Cass-Gottlieb are reshaping Australia’s competition laws for the 21st century.
Lawyers will argue that the flexibility, speed and discretion of the informal process will be lost and be replaced by a process that is more rigid and more focused on administration. Indeed, amid the national obsession with competition in the supermarket sector, it has often been suggested things would be different if Coles and Woolworths had been prevented from buying up small rivals, or even individual stores of rivals.
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