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The Australian Competition and Consumer Commission (ACCC) is an independent statutory authority which administers the Trade Practices Act 1974 and the Prices Surveillance Act 1983 and performs functions under other Commonwealth legislation and State and Territory Competition Policy Reform Acts.
The ACCC 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 ACCC 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 2001-02 Budget are $83.4 million (see Table 1.1 on the following page).
Australian Competition and Consumer Commission - appropriations 2001-02
Table 1.1: Appropriations and other revenue
(1) C1 and E1 refer to information provided in Table 2.1. K1 refers to information provided in Table 3.1.
(2) Under the appropriation structure, Bill No. 2 includes Specific Purpose Payments (SPP's), New Agency Outcomes (NAO's), administered capital and agency capital via agency injections and loans.
(3) Refer to Table 3.1 for application of agency revenue.
(4) Revenue from other sources includes other revenue from government (for example, resources free of charge) and revenue from other sources (for example, sales of goods and services by agencies). Non-appropriated agency and administered revenues are detailed in Appendix 1.
* Percentage figures indicate the percentage contribution of revenue from government (agency appropriations) to the total price of outputs, by outcome.
Table 1.2: Summary of measures in the 2001-02 Budget
The ACCC does not have an appropriation for an equity injection or loan or an appropriation for administered capital in 2001-02.