Tuesday 12 July 2022
1745 – 1900 AEST
During March this year the European Parliament and Council reached agreement on the Digital Markets Act. This pioneering legislation, which will take effect in early 2023, aims to stimulate competition in digital markets by imposing stringent new requirements on so called digital gatekeepers, regulating data collection and use, restricting unfair business terms and imposing fair, reasonable, and non-discriminatory-like obligations for the supply of certain services, amongst other rules.
IIC Australian Chapter held Part 1 of a two-part series that explored the global and local consequences of regulation of digital markets and services.
In this session we heard directly from the European Commission about the Digital Markets Act’s development, purpose, enforcement issues and projected outcomes.
A panel discussion also featured Australian industry representatives who discussed whether Australia should follow Europe’s lead and what the ACCC might recommend to the new Australian Government following the completion of its current consultation on whether Australia needs new regulations to address competition and consumer protections in digital markets.
For further details and confirmed speakers please see here.
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