Rod Sims' misplaced competitive spirit

The ACCC chairman wants to extend anti-signalling laws from the banking sector to other industries to prevent collusive behaviour. Given the way the Virgin-Qantas capacity war has played out, he needn't worry.

Rod Sims has signalled that the Australian Competition and Consumer Commission is going to push for an economy-wide extension of the anti-signalling laws that currently apply only to the banks as part of the Abbott Government’s ‘’root and branch’’ review of competition laws. Apparently it’s not healthy for business leaders to say obvious things about their businesses.

In a speech in Sydney today the ACCC chairman nominated the price-signalling laws as one of the areas that impede competition and would need to be debated within the review.

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