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What is a significant business in the Competitive Neutrality context?

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What is a significant business in the Competitive Neutrality context?

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1. Introduction The first stage of the process of complying with Competitive Neutrality Policy Victoria is to determine whether the policy applies to the activity in question. The policy applies only to a business activity that is ‘significant’ in a relevant market. It is common for private businesses (including both for profit and not-for-profit entities) to coexist with government businesses in a variety of markets. They do not always compete on equal terms. Differences in size, assets, skills, experience and culture, may underpin an entity’s competitive advantage. To the extent that a competitive advantage arises solely from public ownership, it is the intention of Competitive Neutrality (CN) policy to neutralise this advantage. In that way, where governments undertake significant business activities in markets, they do so on a fair and equitable basis. To determine whether a government business activity is significant in a relevant market it is necessary to define the market and th

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