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This is a Bill, not an Act. For current law, see the Acts databases.


COMPETITION AND CONSUMER AMENDMENT (MISUSE OF MARKET POWER) BILL 2014

 

 

 

2013-2014 

 

The Parliament of the 

Commonwealth of Australia 

 

THE SENATE 

 

 

 

 

Presented and read a first time 

 

 

 

 

Competition and Consumer Amendment 

(Misuse of Market Power) Bill 2014 

 

No.      , 2014 

 

(Senator Xenophon) 

 

 

 

A Bill for an Act to amend the Competition and 

Consumer Act 2010, and for related purposes 

   

   

 

 

No.      , 2014 

Competition and Consumer Amendment (Misuse of Market Power) Bill 

2014 

i 

 

Contents 

Short title ........................................................................................... 1

 

Commencement ................................................................................. 1

 

Schedule(s) ........................................................................................ 2

 

Schedule 1--Competition and Consumer Act 2010

 

3

 

 

 

 

 

No.      , 2014 

Competition and Consumer Amendment (Misuse of Market Power) Bill 

2014 

1 

 

A Bill for an Act to amend the Competition and 

Consumer Act 2010, and for related purposes 

The Parliament of Australia enacts: 

1  Short title 

 

  This Act may be cited as the Competition and Consumer 

Amendment (Misuse of Market Power) Act 2014

2  Commencement 

 

  This Act commences on the day after this Act receives the Royal 

Assent. 

   

   

 

 

2 

Competition and Consumer Amendment (Misuse of Market Power) Bill 

2014 

No.      , 2014 

 

3  Schedule(s) 

 

  Each Act that is specified in a Schedule to this Act is amended or 

repealed as set out in the applicable items in the Schedule 

concerned, and any other item in a Schedule to this Act has effect 

according to its terms. 

Competition and Consumer Act 2010  Schedule 1 

   

 

 

No.      , 2014 

Competition and Consumer Amendment (Misuse of Market Power) Bill 

2014 

3 

 

Schedule 1

--

Competition and Consumer Act 

2010 

   

1  After section 80AC 

Insert: 

80AD  Divestiture where contravention of section 46 

Circumstances when this section applies 

 

(1)  This section applies if the Court finds, or has in another proceeding 

instituted under this Part found: 

 

(a)  that a corporation that has, or is taken to have, a substantial 

10 

degree of power in a market has contravened 

11 

subsection 46(1); or 

12 

 

(b)  that a corporation that has a substantial share of a market has 

13 

contravened subsection 46(1AA). 

14 

Reduction of corporation's market power 

15 

 

(2)  The Court may, on the application of the Commission or any other 

16 

person, by order, give directions for the purpose of securing, within 

17 

2 years of the order being made, a reduction in the corporation's 

18 

power in, or share of, the market. 

19 

When application must be made 

20 

 

(3)  An application under subsection (2) may be made at any time 

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within 3 years after the date on which the contravention occurred. 

22 

Order by consent 

23 

 

(4)  Where an application under subsection (2) has been made, the 

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Court may, if the Court determines it to be appropriate, make an 

25 

order by consent of all the parties to the proceedings, whether or 

26 

not the Court has made the findings referred to in subsection (1). 

27 

Schedule 1  Competition and Consumer Act 2010 

   

 

 

4 

Competition and Consumer Amendment (Misuse of Market Power) Bill 

2014 

No.      , 2014 

 

Alternative to order under subsection (2) 

 

(5)  Where an application is made under subsection (2) for an order to 

give directions for the purpose of securing a reduction in the 

corporation's power in, or share of, the market, the Court may, 

instead of making the order, accept, upon such conditions (if any) 

as the Court thinks fit, an undertaking by the corporation to take 

particular action to reduce the corporation's power in, or share of, 

the market. 

Section does not limit Court's powers. 

 

(6)  This section does not limit the Court's powers under any other 

10 

provision of this Act. 

11 

 


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