The Federal House of Representatives today approved the Competition and Consumer Amendment Bill (No. 1) 2011 (the Bill), further progressing the Government’s plan to put into effect prohibitions on price signalling and information sharing between competitors.
Next stop is the Senate. Once passed by the Senate, the Bill will come into effect six months after it receives royal assent. Amendments have been made to the version of the Bill initially introduced into the House of Representatives, responding to some of the concerns raised about the original Bill. However, other concerns remain unaddressed.
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