11 March 1996 - 3 December 2007
EMBARGO 06.30am Wednesday 28 April AEST.
Competition Enforcement assistance agreement with united states
The Treasurer will today sign The Australia United States Mutual Antitrust Enforcement Assistance Agreement with Ms Janet Reno, the Attorney-General for the United States of America and Mr Robert Pitofsky, the Chairman of the US Federal Trade Commission (FTC), at a signing ceremony in Washington DC.
This is the first bilateral Agreement to be signed under the United States International Antitrust Enforcement Assistance Act 1994.
Australian competition authorities can already provide assistance to US competition authorities in competition law matters under the Mutual Assistance in Criminal Matters Act 1987 and the Mutual Assistance in Business Regulation Act 1992. However, the US law requires a bilateral Agreement to be in place before US competition authorities can provide assistance on a reciprocal basis.
Under the Agreement, the Australian and United States competition authorities will be able to exchange evidence and assist each others competition law enforcement activities. In particular, it will assist those authorities in obtaining evidence located in the others jurisdiction while ensuring that confidential information is protected.
Highlights of the new agreement include:-
The Agreement represents a step forward for the enforcement of Australian competition laws, since Australia will now receive assistance, where needed, from US authorities in gathering evidence.