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Corporations including Apple, Google, Banks push back against Australian proposal to ban non-compete agreements
(globalcompetitionreview.com)
this post was submitted on 05 Nov 2025
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What's the legitimate use case? They only further entrench monopolies by preventing knowledgeable people from using the skills, gained over their career, to compete in the open market.
I don't know about a lot of industries, but in finance, having a non-compete at least for a few weeks is essential as of your trading positions are known to your competitors, you end up losing quite a lot. I know it's one giant asshole protecting itself from another giant asshole, but at least I know that usecase is justified.
I sincerely appreciate you taking the time to reply, but I really think that situation could be covered by an NDA instead of a non-compete.
Let the employers sue/arbitrate if they think the NDA is broken.
A few weeks? Try at least 12 months for quant finance.
The UK thankfully banned this crap.
In a lot of industries you will end up with client contact information, IT support at an MSP for example.
Having a non-compete so you can't work in the industry for X months at all? Bad
Having a non-compete so you can't quit, start your own business and poach clients straight away? I view that as fair.
Guess which one lots of companies try and get away with.