As with a number of aspects of doing business in Australia,
federal and state laws and regulations combine to influence how
business practices are conducted.
Fundamental to Australia's economic goals and achievements
is a competitive and vibrant economy. The market economy is
fostered by a key Federal Government law, the Competition and
Consumer Act 2010 (Cth) (CCA), administered by an independent
statutory authority, the Australian Competition and Consumer
Commission (ACCC).
Based on the assumption that markets must be encouraged to
perform efficiently, the CCA aims to improve the welfare of
Australians by promoting competition and fair trading and providing
consumer protection. The CCA includes complementary state and
territory legislation so that its anti-competitive conduct
prohibitions apply to virtually all businesses in Australia.
