A financial nudge from Uncle Sam

Some members of Central Agencies Working Group on Regulatory Reform acknowledged that if the sale of State-owned enterprises were not carefully planned, the whole privatisation exercise might end up transforming the State monopolies into private monopolies.
Despite this, it was clear that the enabling legislation to prevent this was not put in place.
So far, there is no major incoherence with respect to PNG competition policy and law but there are a few grey areas that require attention, especially with respect to the PNG's competition laws.
If mishandled, some provisions of the Act would unduly restrict a firm's ability to freely complete.
The provisions of the Part III of the ICCC Act are too vague and complicated for a businessman, lawyer or a judge to figure out what to do or to figure out which among the many detailed provisions are likely to be enforced. read more