Carbon tax price reduction obligation: the ACCC's report to Parliament
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
- compliance by all entities with the requirement to provide carbon tax removal substantiation statements.
The ACCC is required to report to Parliament by 17 August 2015.