delete Prices Surveillance Authority (Remuneration and Allowances) Regulations
Regulations setting remuneration and allowances for members of the Prices Surveillance Authority, an Australian government agency responsible for monitoring prices and investigating price-fixing and other anti-competitive conduct.
This instrument facilitates the operation of a prices surveillance bureaucracy that threatens market freedom. Price surveillance creates a slippery slope toward price controls and industrial policy interventions. The mere existence of this authority signals government's intention to monitor and potentially intervene in private pricing decisions, undermining price signals that coordinate markets. Eliminate both the authority and its supporting administrative instruments to let market forces determine prices.