Statutory Authority - Statutory Authorities in Australia

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.