What are the functions of ACCC?

The Australian Competition and Consumer Commission (ACCC) promotes competition and fair trading in markets to benefit consumers, businesses, and the community. It enforces compliance with the Competition and Consumer Act 2010, protecting against anti-competitive practices and misleading conduct. The ACCC also regulates essential services, such as telecommunications and energy, and provides guidance to businesses on their rights and obligations under consumer law. Additionally, it conducts market studies and advocacy to enhance consumer welfare and market efficiency.