The Government is committed to enabling competition that will improve the wellbeing of the community and the long term sustainability of Victorian industry.The Government applies the principles of the National Competition Policy (NCP).
The National Competition Policy and subsequent agreements by the Council of Australian Governments reflect the significance of effective and efficient regulation of infrastructure industries and ongoing review and improvement of regulation.
The Essential Services Commission and the Australian Competition and Consumer Commission are independent regulators established by Victoria and the Commonwealth.
Victoria is a party to the inter-governmental Competition Principles Agreement (CPA) which is one of three agreements that collectively underpins National Competition Policy.
Under the terms of the Competition Principles Agreement (CPA), all parties agreed to reform public monopolies.
Under the Competition Principles Agreement (CPA), all Australian governments undertook to review and, where appropriate, remove regulatory restrictions on competition.
To facilitate effective competition in some markets, businesses may need to access the services of infrastructure owned and operated by others.
The National Competition Policy reform package, and subsequent Council of Australian Governments (COAG) reform initiatives, included specific reforms for the electricity, gas, water and road transport sectors.