​This Briefing Note summarises the Hilmer Report, with particular emphasis on the legal and transitional issues which will have the most impact on the States and thus will be of particular interest to NSW. 

Part One of this Summary comprises an overview which discusses why the Committee of Inquiry was convened, the composition of the Committee, the perceived need for a competition policy, a brief definition of competition policy, the Committee's approach and its process. Part Two of this Summary outlines the Committee's key findings and recommendations, while Part Three gives an overview of the structure of the Report. 

Part Four contains a summary of the main findings of the Committee's Report, and Part Five outlines the additional policy elements considered by the Report. Part Six of this Summary outlines the institutional arrangements recommended by the Hilmer Report for implementing competition policy in Australia, and Part Seven gives a summary of the main changes recommended by the Hilmer Report. This summary concludes with a selection of responses by various interest groups to the Hilmer Report.