The Government will implement the majority of the Harper Review's recommendations by specifically supporting, in whole or in part, 44 of the 56 recommendations. They remain open to the remaining 12 recommendations, depending on the outcome of further reviews and consultation with the states and territories and other stakeholders. This will include the highly contested Section 46 recommendation on misuse of market power and introducing an 'effects test', which the Government has announced they will shortly be releasing a new discussion paper on.
It is a mixed bag for small business, on our first look. Improving the collective bargaining regime under the competition law, to provide more flexibility and increased information for small businesses, to help improve our bargaining position is good, as is simplifying the law overall. Strengthening competitive neutrality laws is good also, as is the decision by the Government to not take away the ACCC Deputy Commissioner for Small Business role as was recommended, as this role has been valuable.