Fed: Cartel legislation introduced into Parliament

Federal Competition Policy Minister, Chris Bowen MP, has introduced into the Parliament a package of measures providing criminal sanctions for serious cartel conduct.

The Trade Practices (Cartel Conduct and Other Measures) Bill 2008 includes the following provisions:

Individuals involved in hard-core cartel conduct face a maximum gaol term on conviction of 10 years, and a fine of $220,000. For corporations, the maximum fine will be the greater of $10 million, or three times the value of the benefit obtained as a result of committing the offence.

Amends the Telecommunications (Interception and Access) Act 1979 to enable the ACCC to seek to use intercepted material in relation to cartel investigations. Telecommunications interception powers can be a means of finding evidence of the 'directing minds' behind corporate criminal behaviour.

4 December, 2008

Findlaw

We welcome your feedback

Hi there! We want to make this site as good as it can for you, the user. Please tell us what you would like to do differently and we will do our best to accommodate!

   
Protected by FormShield


 
 
We've updated our Privacy Statement, before you continue. please read our new Privacy Statement and familiarise yourself with the terms.