Section 60C — Competition and Consumer Act 2010: Price exploitation in relation to the carbon tax repeal

(1) An entity must not engage in price exploitation in relation to the carbon tax repeal. (2) For the purposes of this Part, an entity engages in price exploitation in relation to the carbon tax repeal if, and only if: (a) it makes a regulated supply; and (b) the price for the supply does not pass through all of the entity’s cost savings relating to the supply that are directly or indirectly attributable to the carbon tax repeal. (3) For the purposes of this Part, in determining whether the price for a supply made by an entity does not pass through all of the entity’s cost savings relating to the supply that are directly or indirectly attributable to the carbon tax repeal, have regard to the following matters: (a) the entity’s cost savings that are directly or indirectly attributable to the carbon tax repeal; (b) how the cost savings mentioned in paragraph (a) can reasonably be attributed to the different supplies that the entity makes; (c) the entity’s costs; (d) any other relevant matter that may reasonably influence the price.