Creating a competitive environment
Competition benefits society by driving performance, innovation and affordability. Queensland Treasury plays a key role in making sure Queensland has policies and economic regulatory frameworks in place that encourage a competitive and productive economy.
- sets the policy and economic regulatory frameworks that ensures monopoly or near-monopoly government businesses – such as the provision of water and electricity services – charge a reasonable price and provide fair access for the use of their infrastructure
- sets the competition policy (PDF 260 K) and complaints process (PDF 205 K) for the application of competitive neutrality principles to Queensland Government business activities so that they compete fairly with the private sector
- coordinates and provides policy advice about the National Competition Policy framework, including changes to the federal Competition and Consumer Act 2010.
The Queensland Competition Authority (QCA) is responsible for the regulation of declared monopoly business activities under the frameworks administered by Treasury in the Queensland Competition Authority Act 1997. It also assists the Queensland Government in reducing the burden of regulation (or ‘red tape’) on business and industry and can conduct reviews and provides recommendations for improving the productivity of the Queensland economy.
Queensland’s policies and economic regulatory frameworks are guided by the National Competition Policy framework.
Coordinating Queensland’s response to the review of the National Competition Authority
The National Competition Policy has been in place since 1997 and is periodically reviewed by the Council of Australian Governments (COAG) to ensure it continues to serve the interests of consumers and the wider community.
On 4 December 2013, the Australian Government announced a review of the policy and a draft report was released on 22 September 2014. The report makes 52 recommendations across the full range of competition policy, laws and regulation. It recommends that the principles underpinning competition policy be revised and updated and that competition policy extend to human services areas (health, education, community and disability services). It also recommends that ‘unfinished business’ from the 1993 review of the National Competition Policy be finalised and the Competition and Consumer Act 2010 be simplified and modernised. Treasury is working on behalf of the Queensland Government to respond to the review and to help ensure that any new competition agenda is of clear and measurable benefit to Queenslanders and the economy.
The final report is due to be released in early 2015. Treasury will be responsible for ensuring the revised National Competition Policy is implemented methodically and fairly.