The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, has welcomed the passing of an “effects test”, which reframes Section 46 of the Competition and Consumer Act.
“This levels the playing field for small business and safeguards competition,” Ms Carnell said.
“The legislation will stop large businesses with significant market power from using that power to impact broadly upon a market with adverse consequences for competitors.
“It doesn’t stifle price discounting or loss-leading behaviour.
Leanne Faulkner’s business started small—for a small person to be exact. In 2004, Leanne developed an all-natural goat’s milk soap to help soothe her young son’s eczema condition. Once other people began to try her handmade Billie Goat Soap, suddenly Leanne found herself overwhelmed with demand. Deciding to pursue soap making as her first small business venture, Leanne started making soap from home and later moved production to a factory.
Making your passion your profession
David Kilderry’s love of cinema began when his parents built a second story on their house in Reservoir, Victoria; from David’s new bedroom window, he could see the Coburg Drive-In screen.
“It was a little way away, but I could see it and I fell in love with drive-ins then and there,” David recalled.