Summary
Amends the
Competition and Consumer Act 2010
to: enable the minister to make an exemptional circumstance declaration; enable the Australian Competition and Consumer Commission to authorise and exempt conduct from competition law that is in the public interest and assists in the response to those exceptional circumstances; and increase the maximum penalties for breaches of the Oil Code of Conduct. Also makes consequential amendments to the
Competition and Consumer Act 2010
and
National Emergency Declaration Act 2020
.