Australian Competition and Consumer Commission
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.
- 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 this includes authorisation fees, fines and costs.
Table 1.1: Agency outcomes and output groups