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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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