The House of Representatives Standing Committee on Economics is progressing with its inquiry aimed at promoting economic dynamism, competition, and business formation. In its upcoming public hearing on September 15, 2023, the committee will be joined by key entities, including the Australian Competition and Consumer Commission (ACCC), National Competition Council (NCC), Treasury, and the Productivity Commission.
Dr. Daniel Mulino MP, the chair of the committee, expressed the significance of this public hearing. He highlighted that it provides an invaluable opportunity for the committee to engage with experts from these organizations, allowing them to scrutinize ideas and gather insights on how to enhance healthy competition and productivity.
Throughout the course of this inquiry, the committee has already received a range of ideas and recommendations concerning strategies to invigorate competition and bolster productivity. The input from the ACCC, NCC, Treasury, and the Productivity Commission will undoubtedly enrich the ongoing discussion.
Additionally, as part of the committee’s comprehensive engagement with the big tech sector, Meta will also participate in the hearing. Previous sessions have included testimonies from Apple, Google, and Amazon.
For more information on the inquiry, including the full terms of reference, the committee invites the public to visit their website. This initiative signifies a concerted effort to foster economic growth and competition in Australia’s business landscape.
