Australian Competition and Consumer Commission
The Australian Competition and Consumer Commission (ACCC) is an independent Commonwealth statutory authority whose role is to enforce the Competition and Consumer Act 2010 and a range of additional legislation, promoting competition, fair trading and regulating national infrastructure for the benefit of all Australians. The ACCC has a Chair, two Deputy Chairs, and three Commissioners. Their appointment to the ACCC involves participation by the Commonwealth, and state and territory governments. The ACCC exercises its powers as a competition, consumer and regulatory agency in a transparent and accountable manner. The ACCC members are collectively referred to as the Commission and meet regularly, usually weekly, to make decisions on matters investigated by the ACCC. The meetings are usually chaired by the Chair and must include at least two of the full-time members. Matters considered at Commission include mergers, authorisations and notifications, whether to begin court proceedings, and decisions about access to infrastructure facilities.
Australian Competition and Consumer CommissionThe ACCC’ initiative consists of a short presentation of the compliance program as well as a series of compliance program templates adapted to the size of the company. These templates help to provide an example of what the ACCC is likely to accept by way of compliance programs included in an administrative resolution or an enforcement action and to provide an indication of what the ACCC considers advisable in compliance programs implemented by companies voluntarily.