Govt mum on competition law review detail

COMPETITION laws will be reviewed for the first time in 20 years, but the Federal Government is keeping mum about the exact nature of the review.

Prime Minister Tony Abbott's office released a statement this week reiterating the long-promoted "root and branch" review.

The review, which was a key election pledge, will look at current competition laws, the broader economy and may include a crackdown on contract negotiations between supermarkets and suppliers.

While the statement revealed state governments have now been given a copy of the draft terms of reference for the review, the government has not released the document publicly.

"The review will be established shortly so that we can have a final report within 12 months," the statement reads.

It also did not outline who would be in charge of the review, or whether it would involve key government advisory boards, or when public consultation would begin.

The review will consider a range of other recent analyses, such as the Productivity Commission's report on competition and consumer law.

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