Explanatory Memorandum
(Circulated by authority of the Minister for Financial Services and Regulation, the Honourable Joe Hockey, MP)Financial impact statement
1. The Government will consider, in the context of the 2000-01 Budget process, the resourcing implications for the ACCC to carry out the functions and exercise the powers it is given under the amendments to Part VB contained in the Bill.
2. The Office of Regulation Review has advised that a Regulation Impact Statement is not required for this amendment because it is of a minor nature and does not substantially alter existing arrangements.
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