Treasury & financeAgency
Prices Justification Tribunal
1973 – 1981
Body to which large companies had to notify proposed price increases, holding inquiries into whether the rises were justified.
How it came into existence
Set up in 1973 under the Prices Justification Act 1973 by the Whitlam government as part of its response to inflation. The function was new.
Legislation: Prices Justification Act 1973
How it ended
Abolished in 1981 by the Fraser government; its scrutiny of petroleum product prices was continued by the new Petroleum Products Pricing Authority.
- Oversight of petroleum product prices
Main functions
- Receiving notifications of proposed price rises by large companies
- Public inquiries into the justification of price increases
- Reporting on pricing in particular industries
Where it sits
Last in the portfolio of Department of Business and Consumer Affairs.
Lineage
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Sources
Government records and websites
Some dates or links for this organisation are not fully confirmed. Corrections are welcome.