Which of the Following Statements in Relation to Part IIIA

question 7

Multiple Choice

Which of the following statements in relation to Part IIIA of the Competition and Consumer Act is not accurate?

• A)The main aim of Part IIIA is to provide businesses with access to essential services on fair terms.
• B)The National Competition Council has the power to adjudicate disputes in relation to Part 111A.
• C)The ACCC has the power to impose fines on service providers that fail to provide access to essential services.
• D)None of the above - they are all accurate.

---

Definitions:

Securities And Exchange Commission

A U.S. government agency responsible for regulating the securities industry, ensuring fair and efficient financial markets.

Public Companies

Corporations whose shares are traded publicly on a stock exchange, allowing for investment by the general public.

Privately Held Company

A business entity owned by private individuals or entities and not traded on public stock exchanges.

Hoover's Database

A comprehensive database providing information on industries, companies, and executives for business research.