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The Australian competition law regime is primarily governed by the Competition and Consumer Act 2010 (Cth) (the “CCA”) and is based on both private and public enforcement. However, Australian competition law is primarily enforced and regulated publicly by the Australian Competition and Consumer Commission (the “ACCC”). The ACCC has investigative and information-gathering powers under Part XID of the CCA. It resolves matters either by administratively encouraging consultation or negotiation to settle disputes or via litigation. Nevertheless, only the court has the power to declare whether particular conduct contravenes the CCA and make findings of liability. The ACCC is empowered to institute proceedings in the court for the declaration of an infringement of the CCA and for the recovery of a pecuniary penalty on behalf of the Commonwealth. The ACCC may also apply for injunctions, damages and a range of orders.
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