From www.claytonutz.com: The Federal Government plans to ban non-compete clauses for workers earning less than the high-income threshold under the Fair Work Act and will consult on the implications for higher earners and clauses restraining client solicitation.

Non-compete clauses are generally more enforceable in commercial transactions than in employment, and changes to their enforceability could lower business valuations in Australia and deter investments.

Similar reforms are occurring in the US and UK, with potential unintended consequences for equity holders in businesses if restrictions in commercial contexts are implemented.