Australian Competition And Consumer Commission (ACCC)

1087 Words5 Pages
(800-1000 words) Examine the role of the Australian Competition and Consumer Commission (ACCC). In your answer, you must refer to at least the following three Acts: * The Trade Practices Act 1974 (C’wlth) * The Prices Surveillance Act 1983 (C’wlth), and * The Fair Trading Act 1987 (NSW). This essay will examine the role of the Australian Competition and Consumer Commission (ACCC) which is there to protect the rights of consumer and businesses. This essay will be stating four Acts, which are; the Trade Practices Act of 1974 (TPA), the Prices Surveillance Act of 1983, the Fair Trading Act of 1987, and the Anti-Discrimination Act 1977 (NSW). The ACCC is an organisation which enforces Acts about protecting the rights of consumers…show more content…
Any notified company has to advice the ACCC of its proposed prices within a 14 days period of receiving a copy of the report, and then the ACCC has to make those prices public within the next 14 days period. The Price notifications is when the minister formally declares which company and which goods or services should be subjected to price surveillance. The ACCC has the option of recommending an inquiry—and an extension of the prohibition on a price rise. The ACCC maintains a public register of surveillance matters showing price notifications. The Price Monitoring is when the ACCC can monitor the prices, costs and profits of an industry or business. The minister determines which industries or businesses are monitored and how often the ACCC should report which is submitted to the minister and copies are sent to the monitored companies on the same…show more content…
For example, discrimination between races, sexes, age, disability, etc… The ADB of NSW is part of the NSW Department of Justice and Attorney General. It controls the Anti-discrimination laws. Staff at the ADB deal with complaints about discrimination, they try to prevent discrimination, and they report to the Government if they think the law needs changing to help prevent discrimination. The ADB also provide a ‘request for information’ service for people who are willing to seek more knowledge about their rights and responsibilities and explain to them how they can prevent dealing with discrimination. They do this through consultation, educational programs, seminars, talks, participation in community functions and the production and the distribution of written information and our website. This essay has examined the different Acts that have been enforced by the ACCC. The Acts that were indicated in this essay are; The Trade Practices Act 1974, The Prices Surveillance Act 1983, The Fair Trading Act 1987, and The Anti-Discrimination Act 1977. These Acts are the most important Acts that the ACCC could enforce about consumer
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