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State-owned businesses the focus of Australia's new competition agreement

By James Panichi ( March 6, 2025, 07:08 GMT | Insight) -- Moves to overhaul and privatize public monopolies shouldn’t harm consumers by reducing competition, according to an agreement published today and signed by Australia’s federal, state and territory governments. The agreement commits signatories to establish regulatory mechanisms to oversee public monopolies when they are leased, privatized or structurally overhauled, while also ensuring that governments apply “competitive neutrality” when state-owned companies compete with private businesses.Moves to overhaul and privatize public monopolies shouldn’t harm consumers by reducing competition, according to an agreement published today and signed by Australia’s federal, state and territory governments....

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