Latest Australian Competition and Consumer Commission News & Updates

Canberra, March 19 (IANS) Australian Prime Minister Anthony Albanese on Thursday announced that the federal government has established a fuel security task force amid the ongoing conflict in the Middle East.Speaking after meeting with state and territory leaders on Thursday morning, Albanese told reporters that the government is doing “all that it can” to secure Australia’s fuel supply.”I want to assure Australians at this time that Australia is well prepared. Our fuel supply is currently secure…

Canberra, Dec 22 (IANS) The Australian government on Monday announced plans for new laws that will require gas exporters to reserve a portion of their supply for the domestic market.Minister for Climate Change and Energy Chris Bowen said at a press conference in Canberra that the laws, which will be introduced to the federal parliament in 2026, will guarantee Australia’s supply of liquefied natural gas (LNG) and put downward pressure on prices.He said that the legislation will be developed in co…