Trade Practices Commission
TPC
1 October 1974 – 6 November 1995
National competition and consumer protection regulator, enforcing the restrictive trade practices and consumer protection provisions of the Trade Practices Act 1974 and deciding applications for authorisation of anti-competitive conduct.
How it came into existence
Established when the Trade Practices Act 1974 commenced on 1 October 1974, replacing the Commissioner of Trade Practices under the earlier restrictive trade practices legislation; Ron Bannerman, the last commissioner, became its first chairman.
- Restrictive trade practices investigation and enforcement
- Register of trade agreements
Legislation: Trade Practices Act 1974
Changes during its life
- 22 December 1975Moved from the Attorney-General's portfolio to the new Department of Business and Consumer Affairs.
How it ended
Merged with the Prices Surveillance Authority on 6 November 1995 under the Competition Policy Reform Act 1995 to form the Australian Competition and Consumer Commission.
- Competition law enforcement
- Consumer protection
- Authorisations and merger review
Main functions
- Enforcement of restrictive trade practices law (Part IV)
- Enforcement of consumer protection law (Part V)
- Authorisation and notification of anti-competitive arrangements
- Review of mergers and acquisitions
- Product safety and information standards
- Business and consumer education
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.