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On 6 November 2017 important reforms to the Act took effect which prohibit parties from engaging in a concerted practice that has the purpose, effect, or likely effect of substantially lessening competition.
Section 46 of the Competition and Consumer Act 2010 prohibits a firm with a substantial degree of market power from engaging in conduct that has the purpose, effect or likely effect of substantially lessening competition in a market.
The ACCC has analysed the performance of the dairy industry and the structural and behavioural features which contribute to this performance.