Protection of Consumers and Promotion of Development of Industry, Trade or Commerce
Pursuant to section 2(1) of the FCCC Act 2010, FCCC has the following objectives:
- promote the interest of the consumers;
- promote effective and efficient development of industry, trade or commerce;
- promote effective competition in industry, trade or commerce; and
- ensure equitable returns for businesses with fair and reasonable prices charged to
Regulated Industries and Access Regimes
Section 2(2) of the FCCC Act 2010 sets out FCCC’s objectives in relation to regulated industries and access regimes as follows:
- promote effective competition in the interests of consumers;
- facilitate an approximate balance between efficiency and environmental and
social considerations; and - ensure non-discretionary access to monopoly and near monopoly infrastructure or services
FCCC shall be the primary regulator of certain industries which shall be appointed by the Minister. These industries include (but is not limited to), electricity, telecommunications, ports, airports, maritime, etc.
