In April 1995, all Australian governments reached agreement on an ambitious plan to promote enhanced competition in Australia. The resulting National Competition Policy (NCP) is underpinned by three intergovernmental agreements: the Competition Principles Agreement; the Conduct Code Agreement; and the Agreement to Implement the National Competition Policy and Related Reforms (Implementation Agreement). The three agreements outline the reforms which governments undertook to put in place under the NCP process. Related reforms in the electricity, gas, water and road transport industries also form part of the package. '