Cartels caught ripping off Australian consumers should be hit with bigger fines
- Written by Caron Beaton-Wells, Professor, Melbourne Law School, University of Melbourne
The Australian Competition and Consumer Competition (ACCC) is going after larger fines from companies for cartel conduct that costs the Australian consumer. The difficulty is bringing Australian penalties into line with international standards, to be great enough to deter this kind of activity, often perpetrated by companies overseas.
The...
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