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The Guardian - AU
The Guardian - AU
National
Paul Karp Chief political correspondent

ACCC rejects claims gas price cap and safeguard mechanism harming new investment

Gina Cass-Gottlieb
Australian Competition and Consumer Commission chair Gina Cass-Gottlieb has said it was not ‘accurate’ for companies to claim the government’s gas price cap and safeguard mechanism were harming new investment. Photograph: Lukas Coch/AAP

The competition regulator has rejected gas companies’ claims that the emergency price cap and emissions reduction policies are making Australia uncompetitive for gas projects.

The chair of the Australian Competition and Consumer Commission, Gina Cass-Gottlieb, said it was not “accurate” for companies to claim the Albanese government’s gas price cap and safeguard mechanism were harming new investment.

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