1. the restrictive trade practices, or antitrust, provisions in the Competition and Consumer Act?
Competition and consumer Act has provisions regarding restrictive trade practices and this Act discourage anti competitive practices. Forth part of the Act provides provisions about restrictive trade practices and enforced by Australian competition and consumer commission. The provisions of this part restrict following practices.
- Big amount prices contracts.
- Contracts between parties to keep out another or primary boycott.
- Misusing market power and damaging the competitors, or stopping new competitors from entering in the market.
- Obstructing the buyer to buy from other suppliers.
- Maintaining resale price and fixing minimum price for reselling.
- Prohibiting mergers and acquisitions that substantially decrease the competition.
Competition and consumer Act has provisions regarding restrictive trade practices and this Act discourage anti competitive practices. Forth part of the Act provides provisions about restrictive trade practices and enforced by Australian competition and consumer commission. The provisions of this part restrict following practices.
- Big amount prices contracts.
- Contracts between parties to keep out another or primary boycott.
- Misusing market power and damaging the competitors, or stopping new competitors from entering in the market.
- Obstructing the buyer to buy from other suppliers.
- Maintaining resale price and fixing minimum price for reselling.
- Prohibiting mergers and acquisitions that substantially decrease the competition.