Industries Assistance Commission
IAC
1 January 1974 – 9 March 1990
Independent statutory inquiry body that advised the Government on assistance to all sectors, including manufacturing, primary industry and services, taking an economy-wide view of the costs and benefits of protection.
How it came into existence
Established on 1 January 1974 by the Industries Assistance Commission Act 1973, replacing the Tariff Board; its first chairman, G. A. Rattigan, had chaired the Tariff Board.
- Tariff and industry protection inquiries
Legislation: Industries Assistance Commission Act 1973
Changes during its life
- Review of business regulation (Office of Regulation Review)
How it ended
Abolished on 9 March 1990 when the Industry Commission Act 1989 commenced; its functions were merged with those of the Inter-State Commission in the new Industry Commission.
- Industry assistance inquiries
Main functions
- Public inquiries into industry assistance
- Advice on tariffs, bounties and other assistance
- Annual reporting on assistance to industries
- Assessment of the economy-wide effects of protection
Where it sits
Last in the portfolio of Department of the Treasury.
Lineage
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Sources
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.