The ICCC is an independent statutory authority established in January 2003 following the enactment of the ICCC Act by Parliament in March 2002.
The ICCC is responsible for promoting and safeguarding competition, protecting consumers’ interests, and regulating declared industries, entities, and goods and services.
Its primary objective is defined and set out in Section 5 of the ICCC Act.
- To enhance the welfare of the people of Papua New Guinea through the promotion of competition, fair trading, and the protection of consumers’ interests;
- To promote economic efficiency in industry structure, investment, and conduct; and
- To protect the long-term interests of the people of Papua New Guinea with regard to the price, quality, and reliability of significant goods and services.
Ensure an efficient economy where markets are competitive, consumers’ interests are protected, and regulated industries are efficient.
To enhance the welfare of the people of Papua New Guinea:
- Markets are competitive, efficient, and informed;
- Consumers are effectively protected from misleading and deceptive conduct and unsafe goods;
- Regulated goods and services are delivered efficiently; and
- Our work is aligned with national development plans and strategies such as the medium-term development strategic Plan, and Vision 2050 and conducted independently, transparently, and accountable.
Our Organisation is committed to promoting and upholding;
- Independent and Accessibility – The ICCC Act ensures the independence of the ICCC. We will always be accessible to our clients and stakeholders.
- Transparency and Accountability – Our communication and decisions will be consultative and open with stakeholders’ input. We will take responsibility for our choices and conduct.
- Ethical Conduct and Professionalism – Our conduct will be of high standards and efficient, focussed to produce quality outcomes.