While antitrust economics might reflect universal principles, the same cannot be said of the law. Australia’s complex system for statutory immunity is one of the more unusual features of our competition law framework – much like a local short-cut, however, not everyone is familiar with it so it can be under-utilised. While the substantive prohibitions in Part IV of the Competition and Consumer Act tell you what you can’t do, a detailed understanding of the statutory immunities set out in Part VII reveals what you can do. In this issue – the first of a two-part series – we explain the major filings available for statutory immunity, while our next edition will examine some broader policy considerations.