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Australian Competition and
Section 1: Overview, Appropriations and Budget Measures Summary
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) Act 1999 and A New Tax System (Trade Practices Amendment) Bill 2000.
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.
The total appropriations for the ACCC in the 2000-01 Budget are $75.6 million (see Table 1.1 on the following page).
Australian Competition and Consumer Commission - Appropriations 2000-01
Table 1.1: Appropriations ($'000)
(a) Revenue from Other Sources includes other revenue from Government (for example, resources free of charge) and revenue from sources other than Government (for example, sales of goods and services).
Budget Measures - Australian Competition and Consumer Commission
Table 1.2a: Summary of Measures in the 2000-01 Budget
Table 1.2b: Summary of Post MYEFO Measures
Output Groups Affected
Post MYEFO Measures
Monitoring tax reform price exploitation
Monitoring of the prices of certain milk products
Administered Capital and Agency Capital (Equity Injections and Loans)
The ACCC does not have an appropriation for an equity injection or loan or an appropriation for administered capital in 2000-01.