The Australian Competition and Consumer Commission (ACCC) is an independent authority of the Australia government. It was established in 1995 with the amalgamation of the Australian Trade Practices Commission (TPC) and the Prices Surveillance Authority to administer the Trade Practices Act 1974 (TPA) (Cth) (renamed the Competition and Consumer Act 2010 on 1 January 2011). Its mandate is to protect consumer rights, business rights and obligations, perform industry regulation and price monitoring and prevent illegal anti-competitive behaviour.
Read more about Australian Competition And Consumer Commission: Roles, Restrictive Trade Practices, Penalties, Consumer Confidence, Product Safety and Recalls, Chairpersons
Famous quotes containing the words australian, competition, consumer and/or commission:
“Each Australian is a Ulysses.”
—Christina Stead (1902–1983)
“Like many businessmen of genius he learned that free competition was wasteful, monopoly efficient. And so he simply set about achieving that efficient monopoly.”
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“Children cannot eat rhetoric and they cannot be sheltered by commissions. I don’t want to see another commission that studies the needs of kids. We need to help them.”
—Marian Wright Edelman (b. 1939)