This is the first report pursuant to the Treasurer’s Direction under s 95ZE of the Competition and Consumer Act 2010 to the ACCC to formally monitor prices, costs and profits in order to assess the general impact of the carbon tax scheme in Australia. This report covers work undertaken in the March 2014 quarter.

The ACCC is required to report to the Minister on its monitoring activities within 28 days at the end of each quarter of each financial year.