The PNG Government's Department of Treasury appointed an expert Review Team to examine the laws and institutions that protect consumers and competition in PNG, with a view to updating and improving these where possible. Following consultations with the public, the Review Team reported to Treasury in May 2017. The National Executive Committee subsequently approved the Final Report as submitted and approved implementation of its recommendations.
The Review Team's Final Report and Recommendations is now available to download.
A Public Consultation Paper: PNG National Competition Policy is available for download, with public comments welcomed until Friday, 15 June 2018.
Price Controls and Productivity Reviews
The ICCC performs a price monitoring function in relation to certain foodstuffs and controls the prices of certain services. The ICCC also carries out productivity reviews in particular industries, on an occasional basis.
The Consumer & Competition Framework Review will examine the ICCC's price monitoring, price control and productivity review functions and make recommendations to promote competitive and productive markets throughout the economy.
Businesses who trade in declared goods or services, as well as consumers of those goods or services, are encouraged to provide comments to the Review Team.
Price controls and productivity reviews are addressed in the Third Issues Paper, available for download here.