Australian Government, 2007–08 Budget

Australian Competition and Consumer Commission

Section 1: Overview

The Australian Competition and Consumer Commission (ACCC) is an independent statutory authority which administers the Trade Practices Act 1974 and performs functions under other Commonwealth legislation and State and Territory Competition Policy Reform Acts.

The ACCC:

  • promotes effective competition and informed markets;
  • encourages fair trading and protect consumers; and
  • regulates the infrastructure service markets and other markets where competition is restricted.

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

1.1 Summary of agency contributions to outcomes

The products and services delivered by the ACCC which contribute to the achievement of outcomes are summarised in Table 1.1 and Figure 2 on page 89.

Table 1.1: Contribution to outcomes

Table 1.1: Contribution to outcomes