Statement of regulatory approach to assessing price notifications outlines the ACCC's preferred approach to undertaking price notification assessments.
Pursuant to sections 60CA(5) and 60FD(11) of the Competition and Consumer Act 2010, the ACCC is required to report to Parliament on penalties payable by entities that contravened the prohibition against price exploitation and failed to pass through all of their cost savings attributable to the carbon tax repeal, and compliance by all entities with the requirement to provide carbon tax removal substantiation statements.
Pursuant to s 60J of the Competition and Consumer Act 2010 (CCA), the ACCC is required to report to the Hon. Bruce Billson MP, Minister for Small Business, on its operations relating to the carbon tax price reduction obligation. This report covers the work of the ACCC during the March 2015 quarter.
Pursuant to s 60J of the Competition and Consumer Act 2010 (CCA), the ACCC is required to report to the Hon. Bruce Billson MP, Minister for Small Business on its operations relating to the carbon tax price reduction obligation. This report covers the work of the ACCC during the December 2014 quarter.
This is the third 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 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.
