Published: July 29, 2021
Privatisations that give ‘unfettered market power’ are costing Australians and the economy, ACCC chair Rod Sims says
Competition watchdog Rod Sims has called for curbs on state and federal government privatisations, saying the public has lost trust after seeing prices rise following asset sell-offs.
The Australian Competition and Consumer Commission (ACCC) chair said assets that governments are earmarking for sale should either have to pass a competition assessment before being sold, or otherwise face regulation if they have significant market power.
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