Authorisation Under the Competition and Consumer Act 2010 (Cth) Part

question 29

Multiple Choice

Authorisation under the Competition and Consumer Act 2010 (Cth) Part IV is:

• A)An administrative procedure whereby a business notifies the ACCC about an action that would otherwise be a contravention of the CCA and attains immunity from civil proceedings.
• B)An administrative procedure whereby the ACCC authorises conduct that would otherwise be a contravention of the CCA, on public benefit grounds
• C)A judicial procedure in which the Court authorises conduct that would otherwise be a contravention of the CCA on legal grounds.
• D)A judicial procedure in which the Court gives the notifier immunity from civil proceedings in respect of action that would otherwise be a contravention of the CCA.

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales activity, such as rent, salaries, and insurance premiums.

Contribution Margin

The amount by which sales revenue exceeds variable costs of goods sold, indicating how much revenue contributes towards covering fixed costs and generating profit.

Variable Costs

Expenses that change in proportion to the level of production or sales activity, such as raw materials and direct labor.

Break-even Sales

The amount of revenue needed to cover total costs, resulting in neither profit nor loss.