The Austrian Federal Competition Authority was established as a monocratic authority with the Competition Act (Wettbewerbsgesetz) in 2002.
The Director General is independent from orders of the ministry although the Austrian Federal Competition Authority administratively belongs to the Ministry of Economics.
The Authority has to take care for a well functioning competition in Austria. It is the investigating body and legal party in cartel cases. Decision, however, are made by the Cartel Court.