Prices Surveillance Authority
PSA
19 March 1984 – 6 November 1995
Prices oversight body that examined proposed price rises for goods and services declared by the Treasurer, held public price inquiries and monitored prices, including petroleum products.
How it came into existence
Began on 19 March 1984 under the Prices Surveillance Act 1983, part of the Hawke government's prices and incomes policy; the same Act repealed the Petroleum Products Pricing Act 1981, and the new authority took over petroleum price surveillance from the Petroleum Products Pricing Authority.
- Petroleum product price surveillance
Legislation: Prices Surveillance Act 1983
How it ended
Merged with the Trade Practices Commission on 6 November 1995 under the Competition Policy Reform Act 1995 to form the Australian Competition and Consumer Commission, which took over its prices surveillance role.
- Prices surveillance and monitoring
Main functions
- Surveillance of price notifications for declared goods and services
- Public inquiries into prices referred by the Treasurer
- Price monitoring
- Petroleum product price surveillance
Where it sits
Last in the portfolio of Department of the Treasury.
Lineage
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