The ICCC’s work in the area of Competition is provided for under the Part VI of the Independent Consumer and Competition Commission Act 2002 (the ICCC Act). The enforcement of Part VI of the ICCC Act promotes economic efficiency which leads to business innovations, better quality, lower prices, increased choices for goods and services and greater economic growth and ultimately enhancement of the overall welfare of all Papua New Guineans.
The ICCC performs enforcement and adjudication role to promote and secure competition process in the Papua New Guinean market. The objectives of its work in the area of enforcement of competition law (Part VI of the ICCC Act) are to:
promote and encourage fair trading practices and a fair market;
facilitate effective competition and promote competitive market conduct;
prevent the abuse of market power; promote and encourage the efficient operation of industries and efficient investment in industries;
promote and protect the bona fide interests of consumers in relation to the acquisition and supply of goods and service.