ABSTRACT
As mentioned previously competition policy really only began in Australia in 1974 with the passing of the Trade Practices Act by the Australian Government. This Act proscribed anti-competitive conduct but was restricted in its scope and did not apply to government owned businesses (most of which were owned by state governments), unincorporated businesses and the professions (e.g. lawyers, doctors and pharmacists), and in areas where Australian or state government legislation restricted competition (for example such things as postal services and milk).
