Commonwealth Numbered Acts

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PRICES SURVEILLANCE ACT 1983 No. 145, 1983 - SECT 24

Prices of goods or services not to be increased pending inquiry

24. (1) Where the Authority serves on a person, pursuant to paragraph 19 (1)
(b), a notice stating that the Authority is to hold an inquiry in relation to
the supply by the person of goods or services of a particular description, the
person shall not, before the prescribed day in relation to the notice, supply
goods or services of that description in a locality on particular terms and
conditions-

   (a)  if the person has previously supplied goods or services of that
        description in that locality on the same or substantially similar
        terms and conditions-at a price exceeding the highest price at which
        the person has previously supplied goods or services of that
        description in that locality on the same or substantially similar
        terms and conditions;

   (b)  if the person has not previously supplied goods or services of that
        description in that locality on the same or substantially similar
        terms and conditions, but has previously supplied goods or services of
        that description elsewhere in Australia on the same or substantially
        similar terms and conditions-at a price exceeding the highest price at
        which the person has previously supplied goods or services of that
        description in Australia on the same or substantially similar terms
        and conditions; or

   (c)  if the person has not previously supplied goods or services of that
        description in Australia on the same or substantially similar terms
        and conditions.

Penalty: $10,000.

(2) For the purposes of sub-section (1), the prescribed day in relation to a
notice served by the Authority on a person pursuant to paragraph 19 (1) (b) is
the fourteenth day after whichever is the earlier of the following days:

   (a)  the day on which a copy of the report by the Authority on the inquiry
        to which the notice relates is received by the person; or

   (b)  the last day of the period within which the Authority is required by
        sub-section 18 (5) or (6), as the case requires, to complete the
        inquiry to which the notice relates and to submit its report on the
        inquiry.

(3) This section has effect subject to section 25. 


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