Australian watchdog welcomes emergency competition-law exemptions
( May 27, 2026, 04:20 GMT | Official Statement) -- MLex Summary: The Australian Competition & Consumer Commission said on Wednesday that it welcomed a new law granting it powers to fast-track exemptions to competition laws during national emergencies or exceptional circumstances. These powers enable businesses to quickly coordinate with competitors to ensure the continued supply of essential goods and services, while maintaining safeguards to limit impacts on competition, the watchdog said, adding that the streamlined processes will apply when formally triggered by government declarations and will support faster, more effective responses to crises.Statement follows. ...
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