The commission is an independent statutory body that seeks to protect consumers and businesses from restrictive and unfair trade practices.
Two of Fiji's regulatory agencies, the Department of Fair Trading & Consumer Affairs and the Prices & Incomes Board ceased to exist as separate entities following this new law.
In March 2004 the Commission set up its main office at the Garden City Complex in Suva expanding in 2010 to Lautoka, and Labasa.
The Commission Secretariat is headed by the Chief Executive Officer, currently Mr Joel Abraham, who holds a Double Masters (Professional Accounting, International Relations & Diplomacy), he also holds a Post graduate Diploma in Climate Change.
The current commissioners include: the Chairman, Joann Young, a consultant with the UN; Deputy Chair Firoz Ghazali; lawyer Lyanne Vaurasi, Vimlesh Sagar - chief financial officer FBC, entrepreneur Romil Patel - founder and director of Jewels Fiji, and Isikeli Tikoduadua - a telecommunications director and former CEO of Home Finance Bank .