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Digital platforms' 'systemic' competition harms demand action now, Australia's top antitrust official says

By James Panichi ( March 17, 2023, 01:41 GMT | Insight) -- The “real, significant and systemic” competition and consumer harms caused by digital gatekeepers are stifling innovation, with businesses set to pay the price unless the government moves quickly to update inadequate existing laws, Australia’s top antitrust official said. In a speech urging Australian lawmakers to accept recommendations put forward by the Australian Competition & Consumer Commission, Gina Cass-Gottlieb said the costs of government inaction would be significant. She also warned the government against relying on regulatory progress in other jurisdictions, saying that it's unlikely to trickle down to Australia.The “real, significant and systemic” competition and consumer harms caused by digital gatekeepers are stifling innovation, with businesses set to pay the price unless the government moves quickly to update inadequate existing laws, Australia’s top antitrust official said....

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