Seanad debates
Thursday, 12 June 2003
Interest Rates Reduction: Statements.
The authority has undertaken to advise the Government if existing legislation or administrative practice has a disproportionate effect on competition and it will make recommendations for change if this is found to be the case. It also intends to identify issues relating to consumer inertia and plans to make recommendations to ensure that consumers can exercise their full rights to their advantage using the competitive process. It will, of course, consider appropriate action if any practice or arrangement appears to be in breach of the Competition Act 2002. The study is still in progress and it is planned to be completed this year.
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