Commonwealth Consolidated Acts

TRADE PRACTICES ACT 1974 - SECT 75AV

             (1)  The Commission must, by written instrument, formulate guidelines about when prices for regulated supplies may be regarded as being in contravention of section 75AU.

             (2)  The Commission may, by written instrument, vary the guidelines.

             (3)  The Commission must have regard to the guidelines in making decisions under section 75AW or 75AX in relation to the issue, variation and revocation of notices under that section.

             (4)  The Court may have regard to the guidelines in any proceedings:

                     (a)  under section 76 relating to section 75AU; or

                     (b)  under section 80 for an injunction relating to section 75AU.

             (5)  As soon as practicable after making or varying the guidelines, the Commission must cause a copy of the guidelines, or of the variation, to be published in the Gazette . However, failure to do so does not affect the validity of the guidelines or of the variation.