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Australian competition watchdog to receive A$357 million in government budget

( May 9, 2023, 10:02 GMT | Official Statement) -- MLex Summary: Australia’s competition watchdog will receive A$356.986 million ($242.037 million) in funding from the Australian government over the coming year, following a budget announcement today. In figures accompanying the annual budget announcement, funding for the Australian Competition & Consumer Commission is expected to increase more than 5 percent from estimated actual funding for the previous year of around A$339.715 million. The regulator is also expected to gain 114 new staff members under the new budget, taking average staffing levels at the agency to 1453.The relevant Australian Federal Budget documents on agency funding and staffing are attached. ...

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