An Agreement to maintain and promote consistent and complementary competition policies and laws for a more seamless and competitive Australian economy, to improve living standards and opportunities for Australians through continuous competition policy reforms.
This Agreement delivers on governments’ commitment to revitalise National Competition Policy by building on the achievements of the landmark 1995 National Competition Policy agreements: the Competition Principles Agreement and the Conduct Code Agreement.
It is accompanied by the corresponding Federation Funding Agreement Schedule, which delivers national reforms and payments, like the Agreement to Implement the National Competition Policy and Related Reforms did between 1995 and 2005. These Agreements work together with the Competition and Consumer Act 2010 (Cth) to implement the revitalised National Competition Policy.
This Agreement came into effect on 29 November 2024, when it was agreed by the Council on Federal Financial Relations.