False
The Treasury provides advice on competition and regulatory reforms with the aim of promoting competitive and efficient markets that enhance the welfare of Australians.
Competition laws are enforced by two national regulators:
- The Australian Competition and Consumer Commission (ACCC) is responsible for enforcing the Competition and Consumer Act 2010 (CCA).
- The National Competition Council (NCC) is responsible for making recommendations on the regulation of third party access to nationally significant infrastructure services under Part IIIA of the CCA.