Australia’s Competition law penalties may be too low to sufficiently deter breaches: report
By James Harkness · 28 March 2018 · Locked
By James Harkness · 28 March 2018 · Locked
A shocking report reveals that Australia's penalties for competition law breaches are woefully inadequate, sparking a major overhaul of the nation's regulatory approach. But what does this mean for businesses and consumers?
The OECD has found that penalties for competition law breaches are ‘significantly lower’ in Australia than in comparable OECD jurisdictions, prompting the nation’s competition regulator to announce it will rethink its approach to competition law enforcement. The OECD report, Pecuniary Penalties for Competition Law Infringements in Australia(link is external) compared the penalties for companies which breach […]
Tags: Accc, Cartel, Competition, competition law, Legal, OECD, penalties