Commonwealth Numbered Acts

PRICES SURVEILLANCE ACT 1983 No. 145, 1983 - SECT 17

PART III-FUNCTIONS OF AUTHORITY

17. (1) The functions of the Authority are-

   (a)  to consider notices given to the Authority under paragraph 22 (2) (a)
        and to take in relation to such notices such action in accordance with
        this Part as it considers appropriate; and

   (b)  to hold inquiries in accordance with this Part into matters relating
        to prices for the supply of goods or services, and to report to the
        Minister the results of each such inquiry.

(2) The Authority shall hold such inquiries as it is required to hold by
instrument given by the Minister under section 18 and may, with the approval
of the Minister under section 18, hold such other inquiries as it thinks fit.

(3) In exercising its powers and performing its functions under this Act, the
Authority shall, subject to any directions under section 20, have particular
regard to-

   (a)  the need to maintain investment and employment, including the
        influence of profitability on investment and employment;

   (b)  the need to discourage a person who is in a position substantially to
        influence a market for goods or services from taking advantage of that
        power in setting prices; and

   (c)  the need to discourage cost increases arising from increases in wages
        and changes in conditions of employment inconsistent with principles
        established by relevant industrial tribunals.