What is divestiture and how would it stop insurance companies ‘ripping off’ customers?

By Allan Fels, Professor Allan Fels, Professor of Law, Economics and Business at the University of Melbourne and Monash University., The University of Melbourne

Australia is creeping towards adding a divestiture power to its Competition and Consumer Act.

Under such a law, the courts, on the recommendation of the Australian Competition and Consumer Commission, could break a firm into parts.

Divestiture is currently used in Australia when the competition and consumer commission considers proposed mergers. Often it will only approve a merger when certain…

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