Monopoly and Competition in other Countries

Abstract

Present legislation in substance dates back to 1965, when an Act was adopted specifically formulated to provide for restrictive trade practices in the context in which they were increasingly appearing in Australia. The essential features of this legislation were, first, its emphasis on civil rather than criminal procedures; second, its philosophy that some restrictive practices are, while others are not, contrary to the public interest; third, the establishment of machinery to segregate the harmful practices from the others and the principle that unless and until a particular practice has been established to be contrary to the public interest it should be lawful and not subject to restraint.