delete National Security (Prices) Regulations (Amendment)
Amendment to National Security (Prices) Regulations enabling price controls on goods and services deemed critical to national security, establishing pricing restrictions, approval requirements for price changes, and compliance mechanisms for designated sectors.
Price controls distort market signals, create shortages, reduce supply, and harm the very consumers they claim to protect. National security justifications do not override basic economics—artificially suppressing prices for critical goods deters investment and production, ultimately weakening supply resilience. Compliance costs burden businesses without delivering meaningful security benefits, while creating monopolistic advantages for incumbents and black markets. Deletion would restore price discovery, improve supply, and reduce compliance costs for Australian businesses.