Microeconomic Policies and Individual Industries (HSC SSCE Economics): Flashcards

Simplifying/removing rules that restrict market forces

Floating A$, removing RBA controls, opening to foreign banks

PTEs operating independently from govt like private businesses

Selling PTEs to private sector, wholly or partially

Ensuring PTEs don't get unfair advantages over private firms

After 1995

Australian Competition and Consumer Commission

Fewer firms operating at larger scale for lowest costs

2.5% or $25 billion higher

Every 5 years