Published: November 12, 2018
Firms question if government has the right to use so-called ‘big stick’ powers of divestiture as it races to try to lower prices before an election
Australia’s major electricity companies have raised questions about whether the Morrison government has the legal authority to proceed with its so-called “big stick” threat to break up companies for price gouging, and to impose the regulation of power prices.
The commercial law firm Ashurst has provided advice to the Australian Energy Council, which represents 22 major electricity and gas firms, saying there are concerns about the “framing and constitutionality” of the Morrison government’s measures intended to force price relief for consumers and business.
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