Doing Business in Australia: The nine main regulators

Key Points:

From competition to investment to taxation, you need to understand which regulator will affect your business in Australia.

The Australian Competition and Consumer Commission (ACCC)

The ACCC administers the Competition and Consumer Act 2010 (Cth) (which incorporates the Australian Consumer Law, see page 47 for more information). In broad terms, the objectives of the Act are to promote competition and, together with similar provisions in State and Territory legislation, fair trading, and provide for consumer protection. It covers anti-competitive and unfair market practices, company mergers or acquisitions, product safety and product liability, and third party access to facilities of national significance.