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Portfolio Budget Statements
Australian Competiton and Consumer Commission

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Section 1: Overview, Appropriations and Budget Measures Summary

OVERVIEW

The Australian Competition and Consumer Commission (ACCC) is an independent statutory authority which has the role of administering the Trade Practices Act 1974, State and Territory Application Acts, the Prices Surveillance Act 1983 and related legislation, which will include A New Tax System (Trade Practices Amendment) Bill 1998 price exploitation legislation.

The Commission seeks to maintain and improve competition and efficiency in markets, foster adherence to fair trading practices in well informed markets, promote competitive pricing wherever possible and restrain price rises in markets where competition is less than effective. It is especially concerned to foster a fair and competitive operating environment for small business.

The Commission also collects administered revenue on behalf of the Government and this includes authorisation fees, fines and costs.

APPROPRIATIONS

Total appropriations for the ACCC in the 1999-2000 Budget are $50.9 million (see Table 1.1).

Australian Competition and Consumer Commission -- Appropriations 1999-2000

Table 1.1: Appropriations ($'000)

Outcomes Administered Expenses Price of Outputs Total Appropriations (e) Total Estimated Expenses
Special Appropriations
(a) 		Annual Appropriations Total Administered Appropriations Total Price of Outputs(c) Revenue from Other Sources(d) Revenue from Government (Appropriations)
Bill 1 Bill 2
(SPPs & NAOs)(b) 		Special Annual Bill 1 Total
(A) (B) (C) (D=A+B+C) (E) (F) (G) (H=E-F-G) (I=G+H) (J=D+I) (K=J+F)
Outcome 1 -- To enhance social and economic welfare of the Australian community by fostering competitive, efficient, fair and informed Australian markets - - - - 51,395 523 - 50,872 50,872 50,872 51,395
Total - - - - 51,395 523 - 50,872 50,872 50,872 51,395
Bill 2 Administered Capital(b) -  
Bill 2 Agency Equity Injections and Loans(b) -  
Total Appropriations 50,872  
  1. Estimated expenses from individual Special Appropriations are shown in Appendix 2.
  2. Under the proposed Appropriation Structure, Bill 2 includes Specific Purpose Payments (SPPs), New Agency Outcomes (NAOs), Administered Capital and Agency Capital via Agency Injections and Loans.
  3. Refer to Budget Statement of Revenue and Expenses for Application of Agency Revenue (see Table 3.1).
  4. Other Revenue includes other revenue from Government (eg resources free of charge) and revenue from other sources (eg sales of goods and services).
  5. Links from Appropriations to Budget Financial Statements include Budget Statement of Revenue and Expenses (see Table 3.1); and Capital Budget (see Tables 3.4 & 3.5).

BUDGET MEASURES -- AUSTRALIAN COMPETITION AND CONSUMER COMMISSION SUMMARY

Table 1.2: Summary of Budget Measures in the 1999-2000 Budget

Measure Outcome Output Groups Affected Appropriations ($'000)
1999-00 		Appropriations ($'000)
2000-01 		Appropriations ($'000)
2001-02 		Appropriations ($'000)
2002-03
Admin Expenses Agency Outputs Total Admin Expenses Agency Outputs Total Admin Expenses Agency Outputs Total Admin Expenses Agency Outputs Total
Tax Reform and Price Exploitation -- Expense 1 1.1 - 11,640 11,640 - 9,479 9,479 - 6,921 6,921 - - -
Telecommunications Australian Competition and Consumer Commission -- Additional Functions and Powers -- Expense 1 1.1 - 900 900 - - - - - - - - -

Note: Administered revenue measures are not attributed to agencies and are reported in Budget Paper No. 2.

ADMINISTERED CAPITAL AND EQUITY INJECTIONS AND LOANS

ACCC does not have an appropriation for an equity injection or loan or an appropriation for administered capital in 1999-2000.

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