ACCC is a shortcut for --->'Australian Competition and Consumer Commission'.
The Australian Competition and Consumer Commission (ACCC) is an independent Australian government agency that is responsible for regulating competition and consumer law in Australia. The ACCC has a number of functions and powers, including:
- Administering and enforcing competition and consumer law, including the Competition and Consumer Act 2010 (Cth) and other relevant legislation
- Conducting inquiries and investigations into alleged breaches of competition and consumer law
- Monitoring and reporting on competition and consumer issues in the Australian market
- Providing advice and guidance to businesses and consumers on competition and consumer law
- Providing regulatory approval for certain mergers and acquisitions, and reviewing and assessing the competitive impact of these transactions
- Taking enforcement action against businesses that breach competition and consumer law, including through litigation in the courts
Overall, the Australian Competition and Consumer Commission (ACCC) is an independent government agency that is responsible for regulating competition and consumer law in Australia. It has a range of functions and powers, including enforcing competition and consumer law, conducting inquiries and investigations, providing advice and guidance, and taking enforcement action against businesses that breach competition and consumer law.