26 September 2023

Online platform probe open for comment

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The Treasury has launched a 12-week consultation process to collect stakeholder views on the findings of the Australian Competition and Consumer Commission’s (ACCC) inquiry into online digital platforms.

In a statement, Treasury said the ACCC report contained 23 recommendations that responded to the substantial market power of the major digital platforms, their impact on competition in media and advertising markets, and implications for news media businesses, advertisers and consumers.

“The 12-week public consultation process has been divided into a six-week period for interested parties to make submissions on the report with the remainder of the time to be used for targeted consultation meetings,” Treasury said.

It said these would be conducted by the Attorney General’s Department and the Department of Communications and the Arts.

“The consultation process provides an opportunity to have your say on practical options for implementation, timing and any impediments or challenges,” it said.

Treasury said it would welcome views on practical options for implementation, timing and any impediments or challenges.

It said feedback from the consultation would be considered by the Government as part of its response to the report.

Submissions will be accepted until 12 September and can be made through The Treasury website at this PS News link.

The ACCC’s 619-page report can be accessed at this link.

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