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Australian Competition and Consumer Commission



Section 1: Overview, appropriations and budget measures summary

Overview

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:

  • promote effective competition and informed markets;
  • encourage fair trading and protect consumers; and
  • regulate infrastructure services markets and other markets where competition is restricted.

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

Appropriations

The total appropriation for the ACCC in the 2002-03 Budget is $61.8 million. Table 1.1 on the following page provides this detail.

Australian Competition and Consumer Commission - appropriations 2002-03

Table 1.1: Appropriations and other revenue ($`000)

Table 1.1: Appropriations and other revenue ($'000)

1. References C1 and E1 refer to information provided in Table 2.1. K1 refers to information provided in Table 3.1, Budgeted Statement of Financial Performance.

2. Refer to Budgeted Statement of Financial Performance in Table 3.1 for application of agency revenue.

3. 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). Non-appropriated agency revenues are detailed in Appendix 1.

Note: Percentage figures indicate the percentage contribution of revenue from government (agency appropriations) to the total price of outputs, by outcome.

Equity injections and loans

The ACCC does not have an appropriation for an equity injection or loan in the 2002-03 Budget.


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