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.

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