<P> Lionel Murphy is acknowledged as completely changing the previous approach regarding trade practices in Australia . His Trade Practices Bill, which was passed on August 6, 1974, for the first time in Australian Federal law, introduced offences concerning monopolisation, exclusive dealing, price discrimination, resale price maintenance, restraints of trade by agreement, anti-competitive mergers, misleading advertising, coercive sales conduct, pyramid selling and the sale of unsolicited goods . </P> <P> Even though, concomitantly, the Act introduced substantial penalties, Murphy's initiative, surprisingly, received very little opposition in the Parliament or the business community . </P> <P> The ACCC administers the Competition and Consumer Act, and has standing to take action in the Federal Court of Australia to enforce its provision . The Competition and Consumer Act is a broad range of provisions, such as provisions on anti-competitive conduct, the Australian Consumer Law and regulation of telecommunications and energy industries . The ACCC, under the Act, also regulates certain industries by providing access to national infrastructure . The ACCC also has an educative role and seeks to educate both consumers and businesses as to their rights and responsibilities under the act . </P> <P> The Australian Energy Regulator is a constituent but separate part of the ACCC and is responsible for economic energy regulation . It shares staff and premises with the ACCC, but has a separate board, although at least one board member must also be a Commissioner at the ACCC . </P>

Describe and explain the two main responsibilities of the accc
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