A Federal Government competition review may have paved the way for cheaper movies, games and music in Australia, consumer watchdog Choice says.

The review of competition laws handed down 52 recommendations, including backing moves to give Australians more confidence to circumvent internet geoblocking, which can allow consumers to access services such as the US streaming service Netflix.

It also recommends the removal of parallel import restrictions and changes to intellectual property laws.

Choice chief executive Alan Kirkland said a draft report delivered the framework for reducing the high prices Australians pay for good such as new-release movies, games and music.

Sorry, this video has expired Why are Australians paying more for TV programs and software? ( Interview by Michael Rowland )

"The review has responded with support for market solutions to empower consumers and help them beat the Australia tax," he said.

"This includes exposing industries to greater competition from overseas, for example, by reforming intellectual property laws, removing restrictions on parallel importing.

"[Also] giving Australians the confidence to get around barriers, like online geoblocking, that keep local prices high."

Mr Kirkland has previously said Australians were paying up to 400 per cent more than viewers in the US and UK to watch popular digital programs.

The panel backed a 2013 report on IT pricing in Australia that called on the Federal Government to secure consumers' right to get access to geoblocked content.

The Australian Government investigated options to educate Australian consumers and businesses as to: The extent to which they may circumvent geoblocking mechanisms in order to access cheaper legitimate goods

The extent to which they may circumvent geoblocking mechanisms in order to access cheaper legitimate goods The tools and techniques which they may use to do so

The tools and techniques which they may use to do so The way in which their rights under the Australian Consumer Law may be affected should they choose to do so.

Laws struggling to keep up with 'sharing economy'

The review focused in part on the emergence of peer-to-peer markets, such as transport business Uber.

Uber is a multi-billion-dollar ride-sharing phone app that has become a popular alternative to taxis across the world.

But since its launch in Melbourne earlier this year, more than 80 drivers have been fined for using the service after a crackdown by the Victorian Taxi Services Commission.

The draft report found companies laws and institutions were struggling to keep pace with upstarts such as Uber.

"New entry is a positive discipline on existing market players, encouraging them to be more innovative and responsive to consumer needs," the panel found.

"A competition policy that is fit for purpose must strike a balance between the long-term benefits to consumers of allowing new entrants to establish themselves in a market and protecting the public interest against dishonest or dangerous practices."

The review also recommended longer trading hours, and the ability to buy liquor and drugs at the supermarket.

The final report is due to be handed to the Government by March 2015.