An important part of the work of the ACCC during the three years from 8 July 1999 to 30 June 2002 was its oversight of pricing responses to the New Tax System changes, particularly the introduction of the Goods and Services Tax and abolition of the Wholesale Sales Tax. The Commission administered legislation prohibiting price exploitation in relation to the changes and promoted compliance through education of business and consumers. It also closely monitored prices and pricing behaviour to estimate price movements from the proposed New Tax System changes, to assess actual price adjustments after the tax changes, and to help identify any price exploitation. The Commission also actively enforced the law by investigating complaints and possible breaches identified from its monitoring and from other sources
Analysis
Electronic resource
Notes
"January 2003"
Also available in an electronic version via the Internet at the ACCC website. Address as of 4 April 2003: http://www.accc.gov.au/pubs/publications/business_general/gst/GST_final_report_Jan2003.pdf
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