Premium Essay

Deregulation of Trading Hours

In: Business and Management

Submitted By Billy392003
Words 15543
Pages 63
10 Retail trading hours regulation

Key points

Restrictions on shop trading hours have varied objectives, including the opportunity for some small businesses to trade without competition from larger retailers and to reduce the need for retail employees to work outside ‘traditional’ working hours. For consumers, restrictions on trading hours impinge on consumer choice regarding when (and where) to shop, causing inconvenience and congestion costs. For retailers, there are efficiency costs and administration costs in complying with state trading regimes. But the largest costs are reserved for those retailers who are prevented from trading to the extent they would like: they forego trade to other retailers and also to other avenues of discretionary consumer spending. Changes in social patterns have contributed to decisions by state and territory governments to liberalise trading hours regimes over time. But for all states, some trading restrictions still remain and they continue to discriminate between retailers on the basis of products sold, size and location. Beyond the deregulated ACT and Northern Territory, restrictions on trading hours apply with varying levels of intensity. Western Australia, South Australia and Queensland are the most restrictive states. Some of the regulated states have also established geographic shopping districts or regional trading precincts which have created significant ‘boundary’ anomalies that fundamentally distort retail markets. Onerous and costly compliance processes have also arisen in some regulated states to allow (large) retailers to trade on restricted trading days. There are good reasons why trading hours in Australia should be fully deregulated: – increased consumer welfare benefits associated with greater convenience and product choice – reduced discrimination and greater competition between retailers – a less...

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