The objectives of the Competition and Consumer Act make it clear that the promotion of competition is intended to enhance the welfare of Australians. However, it is recognised that, at times, competition alone may not yield the most beneficial of all possible outcomes. Therefore, although the major policy underpinning the Competition and Consumer Act is the promotion of competition, the Act also contains checks and balances such as mechanisms to effect the authorisation and notification of certain conduct that might otherwise breach the Act (see Related topics).
Authorisation and notification provides legal immunity from prosecution under the Competition and Consumer Act for the conduct that is authorised or notified.
