76027 Competition Law
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Credit points: 6 cp
Result type: Grade and marks
Requisite(s): 70327 Introduction to Property and Commercial Law
These requisites may not apply to students in certain courses.
There are course requisites for this subject. See access conditions.
Description
This subject provides a comprehensive, in-depth and engaging examination of the economic and legal principles of competition law (also known as antitrust law or restrictive trade practices law) in Australia. It examines statute law, Part IV of the Competition and Consumer Act 2010 (Cwlth) (CCA) (formerly Part IV of the Trade Practices Act 1974 (Cwlth) (TPA)), the decisions of the common law Courts in interpreting the Act, as well as some international treaties on antitrust law enforcement, of which Australia is a party. Current issues and recent cases on competition laws and policies in Australia are also examined.
The subject covers the economic functioning of markets, market power and competition; the relationship between antitrust-related statute law, common law and economics; the evolution and objectives of Australian competition law and the administration and enforcement of competition law, both nationally and internationally. The subject also examines the evolution of competition law, including the reasons for competition law, the economic functioning of markets, market power and competition, the relationship between economics and competition laws, and the legislative feature of Australian competition law. The subject provides an in-depth examination of major anti-competitive statutory conduct in Part IV of the CCA, including mergers/acquisitions, misuse of market power, exclusionary conduct, monopolistic agreements/arrangements, exclusive dealing, and resale price maintenance. The subject provides an overview of the administration and enforcement of competition law in Australia, including the roles of the Australian Competition and Consumer Commission, the Australian Competition Tribunal and the Courts including authorisation and notification regimes, remedies for private litigants and other related matters. This analysis is supplemented with an examination of major international treaties on antitrust law enforcement, of which Australia is a party, and major international antitrust cases in which Australia is involved.
Subject learning objectives (SLOs)
Upon successful completion of this subject students should be able to:
1. | Identify and analyse the rationale for, and implementation of, competition policy and law in enhancing market efficiency in both a static and ongoing sense, and to adjust quickly to the needs of law firms with competition practices |
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2. | Effectively and persuasively communicate critical analysis of a variety of major issues on competition law and policy; |
3. | Interpret and explain the practical operation and enforcement of competition law in business and commerce; |
4. | Analyse and evaluate selected business scenarios in relation to international enforcement of competition law, in which Australia is involved. |
Course intended learning outcomes (CILOs)
This subject also contributes specifically to the development of the following graduate attributes which reflect the course intended learning outcomes:
- Legal Knowledge
A coherent understanding of fundamental areas of legal knowledge including:
a. The Australian colonial and post-colonial legal system, international and comparative contexts, theoretical and technical knowledge;
b. The broader contexts within which legal issues arise and the law operates including cultural awareness, social justice and policy;
c. The impact of Anglo-Australian laws on Indigenous peoples, including their historical origins in the process of colonisation and ongoing impact; and
d. The principles and values of justice and ethical practices in lawyers' roles. (LAW.1.1) - Critical Analysis and Evaluation
A capacity to think critically, strategically and creatively, including the ability to:
a. Identify and articulate legal issues in context, including the skill of critical reading and writing;
b. Apply reasoning and research to generate appropriate responses;
c. Engage in critical analysis and make a reasoned choice amongst alternatives; and
d. Think creatively in approaching legal issues and generating appropriate responses. (LAW.3.1) - Research skills
Well-developed cognitive and practical skills necessary to identify, research, evaluate and synthesise relevant factual, legal and policy issues. (LAW.4.1) - Collaboration
Effective and appropriate collaboration skills in working together to achieve a common goal in a group learning environment or the workplace including:
a. An ability to give and receive feedback;
b. Appropriate professional and interpersonal skills in working collaboratively;
c. A capacity to develop strategies to successfully negotiate group challenges; and
d. An ability to be responsive and adaptive to the perspectives of collaborators, clients, counter parties and others. (LAW.6.1)
Teaching and learning strategies
Strategy 1 - Preparation: By completing readings (in the topic and reading list on Canvas), listening to podcasts and watching vodcasts on Canvas prior to class, students engage with key concepts and develop skills in policy interpretation that they then practise and develop further in group discussion.
Strategy 2 - Collaborative activities and feedback: The seminars include a range of authentic learning opportunities, such as peer-facilitated group discussions and debates, and practice problems involving navigating, explaining and applying complex statutory provisions and competition law policies. Students receive formative feedback on their performance regularly from Week 3 onwards during class discussions by peer feedback and discussions with the seminar leader.
Strategy 3 - Active seminar activities and feedback: The use of active seminar-style classes helps students to build a solid conceptual framework around core concepts of competition law, which serves as a foundation for understanding the differences and similarities of competition laws and policies between world major economies. This is achieved through student-centred problem-solving exercises, short scenario discussions and student presentations with feedback from both students and the seminar leader.
To ensure students receive constructive feedback, they give two presentations for which they receive constructive feedback from both seminar leaders and peer commentators. Students develop and improve skills in the communication of critical legal analysis and policy interpretation, which form a core part of professional legal practice.
Strategy 4 - Case study analysis: Students learn about commercial transactions and apply their policy interpretation skills to an analysis of several case studies (available on Canvas). The case studies are examples of real company practices and commercial conduct/transactions that involve the application of competition law principles.
Strategy 5 - Authentic experiences: Through field trips and guest speakers (depending on availability), students are exposed to the views of both regulators and commercial lawyers, and learn about how competition law and policy are enforced and implemented in the real world.
Subject Delivery
This subject is run in small groups consisting of one 3-hour seminar per week.
Content (topics)
Topic 1: Introduction and legal background
Topic 2: Economic foundation of competition law Topic 3: Misuse of market power
Topic 4: Mergers and acquisitions
Topic 5: Anti-competitive arrangements (Horizontal restraints)
Topic 6: Anti-competitive arrangements (Vertical restraints)
Topic 7: Administration and enforcement structure
Topic 8: Authorisation and notification/ Exemptions
Topic 9: Penalties and remedies for Part IV breaches
Topic 10: International perspective/international enforcement
Assessment
Assessment task 1: Class Engagement
Objective(s): | This task addresses the following subject learning objectives: 1, 2, 3 and 4 This task contributes specifically to the development of the following graduate attributes: LAW.1.1, LAW.3.1 and LAW.6.1 |
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Weight: | 30% |
Length: | Note: Please include a reference list. This will not affect the word count limits. |
Criteria: | Part A:
Parts B & C:
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Assessment task 2: Case note OR Article Evaluation
Objective(s): | This task addresses the following subject learning objectives: 1, 2 and 3 This task contributes specifically to the development of the following graduate attributes: LAW.1.1, LAW.3.1 and LAW.4.1 |
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Weight: | 30% |
Length: | 1500 words not including footnotes (with 10% flexibility). Footnotes should only be used for references. No part of your answer can be included in your footnotes: if it is, it will be ignored during marking. Please include a reference list. This will not affect the word count limits. |
Criteria: | Option 1 – Case Note:
Option 2 – Article Evaluation:
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Assessment task 3: Essay
Objective(s): | This task addresses the following subject learning objectives: 1, 2, 3 and 4 This task contributes specifically to the development of the following graduate attributes: LAW.1.1, LAW.3.1 and LAW.4.1 |
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Weight: | 40% |
Length: | 2000 words not including footnotes (with 10% flexibility). Footnotes should only be used for references. No part of your answers can be included in your footnotes: if it is, it will be ignored during marking. Please include a reference list. This will not affect the word count limits. |
Criteria: | Marks will be based on the following criteria:
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Required texts
Alex Bruce, Australian Competition Law (LexisNexis, 4th ed, Sydney 2021).
Recommended texts
Books
- Russell V Miller, Miller’s Australian Competition and Consumer Law Annotated, 2023 or latest version, Thomson Reuters.
Loose-leaf series:
- CCH Australian Trade Practices Reporter (available online through UTS:Library);
- Heydon, Trade Practices Law, (2 vols) Law Book Company
Student Guide Cards:
- Jurisprudentia, Competition Law I, II and III (Student Guide Cards, Sydney 2021 or latest verson).
References
Other Materials: Reports, Journals and General References
Books
- Breit W & Kenneth G. E (ed), The antitrust casebook: milestones in economic regulation, Worth: Dryden Press, 1996.
- Hylton K N, Antitrust law Economic Theory and common law revolution, Cambridge University Press 2003
- Posner R, Antitrust Law, 2nd ed, University of Chicago Press, 2001
- Wu L (ed), Economics of antitrust: new issues, questions, and insights, NY: NERA Economic Consulting, 2004.
Journals
- Antitrust Law Journal (USA)
- Australian Business Law Journal (LBC) (Australia)
- Australian Trade Practices Law Reporter (CCH) (Australia)
- Competition & Consumer Law Journal, Butterworths (Australia)
- European Competition Journal (2005-) (United Kingdom)
- European Competition Law Review (United Kingdom)
- International Review of Intellectual Property and Competition Law (Germany)
- Journal of Competition Law and Economics (2005-) (United Kingdom)
- OECD Journal of Competition Law and Policy (France)
- The Antitrust Bulletin (USA)
- Trade Practices Law Journal, Law Book Company (Australia)
- World Competition: Law and Economics Review (Netherlands)
Law reports
- Australian Trade Practices Reports (ATPR)
- Federal Court Reports (FCR)
Reference and Writing Assistance
- Jurisprudentia, Legal Referencing (Student Guide Card, Sydney, 2021) (Note: that this is the required AGLC style)
- Jurisprudentia, Legal Writing (Student Guide Card, Sydney, 2021)
References
- Australian Guide to Legal Citation, 3rd ed, 2010 or latest version.
Others
- UTS:Law Guide to Written Communication: https://www.uts.edu.au/sites/default/files/2023-08/UTS-Law-Guide-to-Written-Communication-2023.pdf
Other resources
Useful Websites
- National
- Australian Competition and Consumer Commission www.accc.gov.au
- Australian Energy Regulator www.aer.gov.au
- Australian Competition Tribunal www.competitiontribunal.gov.au
- Federal Court of Australia www.fedcourt.gov.au
- National Competition Council www.ncc.gov.au
- Productivity Commission www.pc.gov.au
- Overseas/International
- American Bar Association (Section on Antitrust) www.abanet.org / http://www.americanbar.org/groups/antitrust_law.html
- European Competition Network http://ec.europa.eu/competition/ecn/index_en.html
- Global Competition Forum https://www.oecd.org/competition/globalforum/
- International Competition Network www.internationalcompetitionnetwork.org
- NZ Commerce Commission www.comcom.govt.nz
- OECD Competition Policy www.oecd.org/competition/
- United States Department of Justice (Antitrust Division) www.justice.gov/atr
- United States Federal Trade Commission www.ftc.gov
Supplementary Materials:
- Allens Arthur Robinson, The Annual Allens Arthur Robinson Competition Law Fest. St. Leonards, N.S.W.: The Continuing Professional Education Dept. of the College of Law, 2008.
- Brunt M (ed), Economic essays on Australian and New Zealand competition law, London: Kluwer Law International, 2003.
- Neale AD, The Antitrust Laws of the United States: A Study of Competition Enforced by Law, 2nd ed, Cambridge University Press, London 1970
- Posner R, Economic Analysis of Law, Aspen Publishing, 2003
- Whish R, Competition Law, Butterworths, 2003
- Walsh & Paxton, Competition policy: European and international trends and practices, London: Macmillan, 1975