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Prices oversight

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Treasury is responsible for policy development and implementation of prices oversight in Queensland. Under Clause 2 of the Competition Principles Agreement, each Government (Commonwealth, State and Territory) is required to consider establishing independent sources of prices oversight of monopoly or near monopoly government business activities where such independent sources do not exist.

Queensland established the Queensland Competition Authority (QCA) in 1997 to provide for an independent source of prices oversight (along with other competition-related functions).

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Last reviewed 23 September 2013