Queensland Treasury is the government’s main adviser on competition policy. Competition helps drive innovation and the achievement of higher quality and better priced goods and services for consumers.
Queensland Treasury is the government’s main adviser on competition policy. Competition helps drive innovation and the achievement of higher quality and better priced goods and services for consumers.
Treasury’s role involves:
- advising the government on competition and economic regulatory frameworks for monopoly infrastructure, including water, transport and energy businesses
- coordinating and providing policy advice on national competition matters, including the state’s requirements as a continued signatory to National Competition Policy agreements.
Queensland Competition Authority
The Queensland Competition Authority (QCA) is responsible for the technical economic regulation of declared monopoly business activities under the Queensland Competition Authority Act 1997 (QCA Act). Queensland Treasury liaises with the QCA in line with its role of supporting the Minister responsible for the QCA under the QCA Act.
Competitive Neutrality
The QCA is also responsible for conducting competitive neutrality complaint investigations relating to relevant state and local government businesses and providing advice to the government agencies on these. The QCA website provides guidance on how to make a competitive neutrality complaint.
National Competition Policy
On 24 November 2024 Queensland signed the new National Competition Policy (NCP) Intergovernmental Agreement (PDF, 9.5 MB). This agreement replaces the former NCP Agreement from 1994. The new agreement aims to revitalise competition policy across Australia and support Australian Governments to implement new competition policy reforms over the next decade. The agreement also includes a revised set of Competition Principles for implementation by the end of 2026. The implementation process is being led by Queensland Treasury.
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