The Commerce Act sets out the ground rules that enable businesses to compete on their merits. In so doing, it ensures both that consumers benefit from competitive markets—as undoubtedly they do if a market is appropriately designed and appropriate to the circumstances—but also sets out the parameters within which businesses operate and are able to maximise the returns to their shareholders. It is critical that laws are up to date, are functional, and are fit for purpose. The Government has introduced changes to the Act around competition law, and that's what I am speaking to today.