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Reports on the schedule for the release of the Australian Senate economics references committee's inquiry into the effectiveness of the Trade Practices Act aimed at protecting small businesses. Appeal for the revision of the 'market power by market share' clause.

The article discusses the impact of the National Legal Profession Reform (NLPR) paper in Australia. The draft legislation is expected to create a more standardized legal profession in Australia and is pending for review with the Coalition of Australian Governments and the Standing Committee of Attorneys-General. Legal groups like the Law Council of Australia and the Law Society of New South Wales are being consulted on several issues of reform in the legislation's provision including the business structure of law firms.

Reports on the release of a discussion paper on plans to strengthen the bankruptcy laws in Australia by Attorney-General Philip Ruddock.