Discuss the Commercial Laws and Anti-Competitive Practices in Australia
Discuss the Commercial Laws and Anti-Competitive Practices in Australia.The Prime Minister and the Minister of Trade and Industry Affairs have asked you to prepare amemorandum of advice seeking an exemption for the proposed US tariffs on steel and aluminium for all Australian producers. Your memorandum will need to include the following: (1) A critique of the legislative framework including two specific sections/provisions which
deal with anti-competitive practices in Australia, including the role of the competition regulator. (8 marks) (350 words suggested); (2) A critique of one relevant case that has dealt with anti-competitive practices involving the Australian steel and aluminium industry. (8 marks) (350 words suggested). (3) The penalties and remedies that can apply to anti-competitive practices in Australia as evidenced by two relevant legislative provisions including cases where those remedies and penalties have been enforced by the court. (8 marks) (350 words suggested). (4) Your conclusion as to whether you agree with the Prime Minister and Minister for Trade and Industry Affairs that the Australian steel and aluminium industry is justified in
receiving an exemption from the proposed US tariffs. (6 marks) (200 words suggested).