Section 2: Functions of the Board.

The functions of the Board shall be-(a) to advise the Federal and State Governments on national incomes policy;
(b) to calculate growth dividends available for general wage Increases;
(c) to inform the Federal and State Governments of current and incipient trends in wages and advise on guidelines within which increases in wages should be confined;
(d) to keep the Federal Government informed on a continuing basis on movements of all forms of income and propose guidelines relating to profits, dividends and all other incomes not being wages;
(e) to encourage research on wages structure (including industrial, occupational and regional and any other similar factor), income distribution and house-hold consumption patterns;
(f) to keep prices under continuous surveillance, interpret price movements and relate them to other developments in the national economy;
(g) to propose measures for the regulation of prices in the various sectors of the economy and for the control of hoarding;
(h) to encourage and promote schemes for raising productivity in all sectors of the economy;
(i) to establish and run a data bank or other information centre relating to data on wages and prices or any other variable and for that purpose to collaborate with data collection agencies to' design and develop an adequate information system;
(j) to inform and educate the public on prices, wages and productivity, their relationships with one another and their inter-play in determining standards of living and real economic growth;
(k) to examine and advise on any matter referred to it by the Federal and State Governments concerning any of the functions conferred to it by or pursuant to this Act; and
(l) to undertake any other activity likely to assist in the performance of the fnnctions conferred on it by or pursuant to this Act.