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. Specifically, Treasury:
- sets the policy and economic regulatory frameworks that ensure 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 and complaints process 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 on national competition matters, 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. The Queensland Productivity Commission (QPC) is responsible for conducting competitive neutrality complaint investigations and providing advice to the Government on these matters.