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Tuesday, 2 December 2003
Page: 23451

Mr ROSS CAMERON (Parliamentary Secretary to the Treasurer) (4:14 PM) —I move:

That the amendments be disagreed to.

It is intended that part 7A of the Trade Practices Act 1974 will allow the minister to determine which body should undertake a particular price inquiry in light of the particular circumstances at the time. Allowing for the ACCC or another body to hold price inquiries represents a sensible middle course between two unreasonably restrictive views—that is, that the regulator should conduct no price inquiries or that it should conduct them all. The statement of reasons details objections to the amendments made by the Senate.