Competition Commission Act 2010 · Updated to 1 Nov 2024 · Part V · Finance
28. Expenditure to be charged on the Fund
Feedback & supportThe Fund shall be expended for the following purposes:
paying any expenditure lawfully incurred by the Commission;
Commission
“Commission” means the Competition Commission established under section 3;
paying for the remuneration, allowances and other expenses of the members of the Commission, members of the committees and employees of the Commission;
paying any other expenses, costs or expenditure in relation to the procurement of goods and services, including the engagement of consultants, legal fees and costs and other fees and costs, properly incurred or accepted by the Commission in the performance of its functions and exercise of its powers under the competition laws;
competition laws
“competition laws” means this Act and the Competition Act 2010 and includes any subsidiary legislation made under these laws.
purchasing or hiring equipment, machinery and any other materials, acquiring land and any assets, and erecting buildings, and carrying out any other works and undertakings in the performance of its functions and exercise of its powers under the competition laws;
repaying moneys borrowed and the interest due thereon;
granting of loans, scholarships, advances, retirement benefits, pensions, gratuities and other benefits; and
generally, paying any expenses for carrying into effect the provisions of the competition laws.