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Prices Justification Act 1973

No. 37 of 1973

AN ACT

To make provision for the holding of Inquiries into Prices charged or proposed to be charged for the Supply of Goods or Services in. Australia.

[Assented to 1 June 1973]

BE IT ENACTED by the Queen, the Senate and the House of Representatives of Australia, as follows:—
Part I—Preliminary

Short title.
1. This Act may be cited as the Prices Justification Act 1973.

Commencement.
2. This Act shall come into operation on a date to be fixed by Proclamation.

Interpretation.
3. (1) In this Act, unless the contrary intention appears—
     "Chairman" means the Chairman of the Tribunal and includes a person appointed to act as Chairman of the Tribunal;
     "company" means a body corporate that—
         (a) is a foreign corporation;
         (b) is a trading or financial corporation incorporated under the law relating to companies in force in a State or in a Territory forming part of Australia; or

         (c) is a holding company of a body corporate of a kind referred to in paragraph (a) or (b);
     "Deputy Chairman" means the Deputy Chairman of the Tribunal;
     "full-time member" means a member, other than the Chairman, who is appointed as a full-time member;
     "Judge" means—
         (a) a Justice or Judge of a federal court or of the Supreme Court of a Territory; or
         (b) a person who, by virtue of an Act, has the same status as a Justice or Judge of a court referred to in paragraph (a) of this definition;
     "meeting", in relation to the Tribunal, includes a sitting of the Tribunal for the purpose of taking evidence or receiving submissions in an inquiry;
     "member" means a member of the Tribunal and includes the Chairman;
     "services" includes the rights or benefits provided under an agreement for the performance of work (otherwise than under a contract of service), whether with or without the supply of goods;
     "Tribunal" means the Prices Justification Tribunal established by this Act.
(2) In this Act—
       (a) a reference to the supply of goods does not include a reference to—
      (i) a supply for use outside Australia; or
      (ii) any other prescribed supply; and
       (b) a reference to the supply of services does not include a reference to–
      (i) a supply outside Australia; or
      (ii) any other prescribed supply.

Holding companies and related companies.
4. (1) For the purposes of this Act, the question whether a body corporate is the holding company of another body corporate shall be determined in the same manner as the question whether a corporation is the holding company of another corporation is determined under the Companies Ordinance.
(2) For the purposes of this Act, the question whether companies are related to