Legislation has been introduced to establish the new Australian Anti-Dumping Commission.
Dumping is a form of price fixing between markets and occurs when goods are exported to Australia at a price below their ‘normal value’ – often the domestic price of the goods in the country of export.
Minister for Home Affairs and Justice, Jason Clare said the new Commission would fight the practice and start operating on 1 July. It would be principally located in Melbourne.
“The Anti-Dumping Commission was the primary recommendation of the review into Australia’s anti-dumping and countervailing system led by John Brumby, the former Premier of Victoria,” Mr Clare said.
New body to fight price fixing
He said Mr Brumby had been asked in July last year to provide advice on the best structure for administering Australia’s anti-dumping system - based on consultation with Australian businesses, unions, stakeholder representative groups and experts in the anti-dumping field.
He said Mr Brumby contacted over 400 stakeholders as part of his review and found in the past 12 months the workload of the administration had almost tripled as a result of economic conditions like the high Australian dollar, surplus product on world markets and increased competition.
Mr Clare said it was recommended that the Government establish an anti-dumping commission and increase the resources set aside for anti-dumping investigations.
He said the Customs Amendment (Anti-Dumping Commission) Bill 2013 amended the Customs Act to create the Commissioner’s role and offer legislative guidance to the Commission’s work.
He said the Commissioner would be responsible for decision-making and other anti-dumping related functions that currently rested with the Chief Executive of Customs and Border Protection.
Mr Clare said the Bill did not change the responsibility of the Minister for anti-dumping matters.