Recently we have written two chapters in the latest Asia-Pacific Antitrust Review 2023 where we provided a snapshot of broad trends in competition law enforcement across the Asia-Pacific region, and summary of recent developments in Australian competition law and ACCC areas of focus for 2023.
Asia-Pacific: Evolving legislation and enforcement tactics help competition authorities fight cartels and abusive conduct
As in earlier years, Asia- Pacific competition authorities have actively pursued cases against domestic and foreign market players alike, while continuing to build capacity and skills.
- Legislative and institutional highlights across the Asia-Pacific region
- Emergence of environmental, social and governance issues as areas of focus
- Continued focus on the digital sector
- Evolving enforcement trends in the Asia-Pacific region
- Growing emphasis on the consumer goods sector
Australia: ACCC sharpens focus on punishing competition contraventions, improving merger control and boosting digital regulation
Linda Evans and Patrick Gay provide a summary of recent developments in Australian competition law and ACCC areas of focus for 2023. It also provides an overview of the key elements of Australian competition law.
- Significant increases to maximum penalties for competition and consumer law contraventions
- Continued advocacy in support of proposed reforms to the merger provisions and review process
- Continued competition law enforcement proceedings (ie, criminal proceedings in cartel matters and active enforcement of anticompetitive vertical arrangements)
- Ongoing focus on digital markets
- Specific ACCC-enforced legislation on gas pricing
Read the rest of the Asia-Pacific Antitrust Review 2023 here.
This PDF was reproduced with the permission of Global Competition Review