Treasury will soon open a consultation process on the government’s plan to crack down on anti-competitive conduct by digital platforms with what is expected to be an ex ante regime.
A similar approach in Europe last week started bearing fruit and is being closely watched by Australian banks that will stand to save millions almost overnight.
Europe’s Digital Markets Act – seen as a potential model for Australia’s regime – will be enforced next month and has already forced fundamental shifts in the practices of digital ‘gatekeepers’ like Apple.
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