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The Introduction Of Competition Policy In Australia: The Role Of Ron Bannerman

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  • David Merrett
  • Stepehn Corones
  • David Round

Abstract

The 1965 legislation to curb restrictive trade practices has been widely regarded as weak. By contrast, the Trade Practices Act 1974 (Cth) has been considered as providing the platform for a more comprehensive competition policy. This paper argues that the 1965–67 and 1971 Acts were more effective than has been commonly recognised in raising awareness about the extent of restrictive trade practices, discrediting price agreements and laying the foundations for the 1974 Act. The role of Ron Bannerman, the sole Commissioner of Trade Practices, was critical to their success. This paper uses parliamentary debates, Bannerman’s published works and an interview with him undertaken in early 2005.

Suggested Citation

  • David Merrett & Stepehn Corones & David Round, 2007. "The Introduction Of Competition Policy In Australia: The Role Of Ron Bannerman," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 47(2), pages 178-199, July.
    • Handle: RePEc:bla:ozechr:v:47:y:2007:i:2:p:178-199
    DOI: 10.1111/j.1467-8446.2007.00200.x
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    Cited by:

    1. Rikard Forslid & Jonas Häckner & Astri Muren, 2011. "Trade costs and the timing of competition policy adoption," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 44(1), pages 171-200, February.
    2. Stephen Corones & David Merrett & David Round, 2009. "Building An Effective Trade Practices Commission: The Role Of Professor Robert Baxt, Ao," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 49(2), pages 138-172, July.

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