Commonwealth bill

Competition and Consumer Amendment (Make Price Gouging Illegal) Bill 2024

CTHIntroducedMetadata only

Zoe only has APH summary and progress metadata for this Bill. Deep analysis is withheld until official Bill text or explanatory material is available.

Jurisdiction

Commonwealth

Collection

bill

Parliamentary Progress

Origin: Senate

IntroducedFirst ReadingSecond ReadingCommitteePassed HousePassed SenatePassed BothRoyal Assent

Plain English Summary

7/10 complexity

This bill adds to the Competition and Consumer Act a prohibition on corporations with "substantial market power" charging an excessive price for goods or services. It targets large suppliers able to act independently of competitors and customers, shifting oversight of exploitative pricing to regulators and courts.

That matters because it can protect buyers where markets fail, but it creates compliance, enforcement and evidentiary burdens, plus difficult judgments about what counts as an "excessive" price.

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Official source available

Zoe has indexed the source text for search and analysis. Use the official register for the original document and download formats.

View on official register

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

Source text

Sourced from the Federal Register of Legislation (legislation.gov.au), CC BY 4.0.

Competition and Consumer Amendment (Make Price Gouging Illegal) Bill 2024

Source: https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=s1430

APH summary

Summary

Amends the Competition and Consumer Act 2010 to prohibit a corporation with substantial market power from engaging in conduct that results in, or is likely to result in, an excessive price being charged for a good or service.

Parliamentary progress

Progress

Senate

Introduced and read a first time

16 Sep 2024

Second reading moved

16 Sep 2024

Second reading debate

09 Oct 2024

Second reading negatived

09 Oct 2024

Restored to Notice Paper

26 Aug 2025

Second reading moved

05 Feb 2026

Second reading debate

05 Feb 2026

Second reading negatived

05 Feb 2026

Official APH document links

First reading: https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id%3A%22legislation%2Fbills%2Fs1430_first-senate%2F0000%22;rec=0
Explanatory memorandum: https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id%3A%22legislation%2Fems%2Fs1430_ems_5175c498-24fb-4481-b7eb-713b1b889f1e%22
All second reading speeches: https://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result/Second_Reading_Speeches?BillId=s1430
Private Senator's introductory speech: https://parlinfo.aph.gov.au/parlInfo/search/display/display.w3p;query=Id%3A%22chamber%2Fhansards%2F28046%2F0126%22
WALSH, Sen Jess: