Commonwealth Numbered Acts

INDUSTRIES ASSISTANCE COMMISSION ACT 1973 No. 169 of 1973 - SECT 22

22. (1) In the performance of its functions, the Commission shall have regard
to the desire of the Australian Government, in pursuing the general objectives
of national economic and social policy and urban and regional development, to
improve and promote the well-being of the people of Australia, with full
employment, stability in the general level of prices, viability in external
economic relations, conservation of the natural environment and rising and
generally enjoyed standards of living, and, in particular, to the desire of
the Australian Government to-

   (a)  improve the efficiency with which the community's productive resources
        are used;

   (b)  encourage those economic activities in Australia, and the producers of
        the goods and services concerned, which contribute to improving the
        efficiency with which the community's productive resources are used;

   (c)  facilitate adjustment to changes in the economic environment by
        industries and persons affected by those changes;

   (d)  recognize the interests of consumers and consuming industries likely
        to be affected by measures proposed by the Commission;

   (e)  ensure that any measures for assistance to, and development of,
        industries are integrated with national economic policy as a whole;

   (f)  ensure that Australia's trade and protection policies are compatible;
        and

   (g)  provide adequate scope for public scrutiny and evaluation of the basis
        of the Commission's reports.

(2) Sub-section (1) applies in relation to the performance by a Commissioner
or Associate Commissioner of functions under Part IV in like manner as it
applies in relation to the performance of functions by the Commission and, for
the purposes of any application of sub-section (1) by virtue of this
sub-section, a reference in sub-section (1) to the Commission shall be
construed as a reference to the Commissioner or Associate Commissioner
concerned.