Statutory Authorities in Australia
The power to enact legislation has been delegated by Australian Parliaments (State and/or Federal) in the following areas;
- Consumer affairs - Where authority is delegated to the Australian Competition and Consumer Commission
- Road and traffic safety - Where authority is delegated to various bodies by state, for example, VicRoads in Victoria
- Collection of taxes - Where authority is delegated to the Australian Taxation Office
- Corporate law - Where authority is delegated to the Australian Securities and Investments Commission
- Prudential regulation - Where authority is delegated to the Australian Prudential Regulation Authority
- Monetary Policy - Where authority is delegated to the Reserve Bank of Australia established by an Act of Parliament, the Reserve Bank Act 1959, which gives it specific powers and obligations.
- Workplace Health and Safety - Where authority is delegated to various bodies by state, for example, WorkSafe in Victoria and subsidiaries such as the Accident Compensation Conciliation Service
- Communications and Media - For example, ACMA is responsible for the regulation of broadcasting, the internet, radiocommunications and telecommunications.
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