Displaying items by tag: competition and consumer act

ACCC chair Rod Sims has hailed the introduction of Australian Competition Law and the Competition and Consumer Act 10 years ago as a game changer that allowed for the ACCC and state and territory regulators to collaborate much more easily, and heralded a new era in Australian consumer protection by introducing a single national consumer law and civil penalties.

Australia’s electricity retailers and generators are prohibited from keeping consumer and small business electricity prices unnecessarily high when costs fall, under new guidelines issued by the competition regulator, the ACCC, aimed at protecting consumers and businesses from excessive electricity prices.

A group of telecommunications carriers and consumers has called on federal parliament not to pass amendments that would remove competition protection measures in the Competition and Consumer Act.