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Tougher provisions were added such as tightened anti-monopolization policies, price-fixing agreements and exclusive dealing provisions were widened to deal with the restrictions required by seller or buyers. (Peterson Institute for International Economics 2007).
During the 1980’s, Australia became more aware about the importance of competition. Because of competition, many companies became more dynamic, flexible and efficient. The policies regarding prohibition of anti-competition still remained as the basic approach but there are some changes occurred during 1980’s. For example, the provisions were extended to other overseas mergers during the year of 1986 (Peterson Institute for International Economics 2007)...
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Common topics in this essay:
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