(1) The object of the Pricing Authority is to promote improved efficiency in, and access to, public hospital services by:
(a) providing independent advice to governments in relation to the efficient costs of such services, and
(b) developing and implementing robust systems to support activity based funding for such services.
(2) The object of the Pricing Authority is also to:
(a) on request, give independent advice to the Commonwealth in relation to health care pricing and costing matters; and
(b) give independent advice to the Commonwealth in relation to aged care pricing and costing matters; and
(c) perform other functions conferred on the Pricing Authority by the Aged Care Act or legislative instruments made under that Act.