Competition and Consumer (Price Monitoring—General Insurance Policies) Direction 2022
6Commission to monitor prices
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6 Commission to monitor prices
(1) Under subsection 95ZE(1) of the Act, the Commission is directed: (a) to monitor prices, costs and profits relating to the supply of goods and services in the general insurance industry and the auxiliary insurance industry; and (b) to give the Minister a report on the monitoring at least once each calendar year during the period 1 January 2022 to 30 June 2026. (2) Subsection (1) does not apply in relation to: (a) an exempt supply; or (b) the supply of a good or service by a State or Territory authority.