Explanatory Statement
Select Legislative Instrument 2007 No.
Issued by the Authority of the Parliament Secretary to the Treasurer
Trade Practices Act 1974
Parliamentary Secretary to the Treasurer to the Australian Competition and Consumer Commission Direction No. 29 2007
Section 95ZF of the Trade Practices Act 1974 (the Act) provides that the Minister may give written directions to the Australian Competition and Consumer Commission (ACCC) to monitor prices, costs and profits relating to the supply of goods or services by specified persons and to give the Minister a report on the monitoring.
Direction No. 29 gives effect to the Government’s response to the Productivity Commission’s Review of Price Regulation of Airport Services. In that response, the Government announced that the ACCC to monitor the prices, costs and profits of the following five airports: Sydney Kingsford Smith Airport; Melbourne Tullamarine Airport; Brisbane Airport; Adelaide Airport; and Perth Airport.
Direction No. 29 is a legislative instrument for the purposes of the Legislative Instruments Act 2003.
Direction No. 29 commences on 1 July 2007.