The Australian Competition and Consumer Commission (ACCC) will appear before the House of Representatives Standing Committee on Economics at a public hearing in Canberra on Wednesday, 18 September 2019.
The Chair of the Committee, Mr Tim Wilson MP, said ‘this hearing is an important mechanism for the Parliament to scrutinise the ACCC’s effectiveness as competition regulator and national consumer law champion.’
‘As the ACCC has significant responsibility for competition issues, it is timely to examine the regulator on these matters, particularly in relation to the financial services industry,’ said Mr Wilson.
In the consumer law area, Mr Wilson said that ‘since the committee’s last hearing with the ACCC in June 2018, the Parliament has passed legislation to strengthen penalties under Australian Consumer Law by aligning them with the maximum penalties under the competition provisions of the Competition and Consumer Act 2010.’
Mr Wilson added ‘the committee looks forward to examining the ACCC’s recent work on its priority areas and the range of ongoing inquiries and market monitoring.’
Public hearing details
Date: Wednesday, 18 September 2019
Time: 11.05am to 1.50pm
Location: Committee Room 2R1, Parliament House, Canberra
The hearing will be broadcast live at aph.gov.au/live.
Mr Tim Wilson MP, Chair
Electorate: 03 9557 4644
Parliament: 02 6277 2392
For background information
02 6277 4587