Corporate Financial Penalties for Cartel Conduct in Australia: A Critique

Posted by Social Science Research Network

Corporate Financial Penalties for Cartel Conduct in Australia: A Critique

By Caron Beaton-Wells & Julie N. Clarke (Melbourne Law School)

Moves are afoot to review the approach taken to assessment of civil penalties for contraventions of Australia’s competition laws. The Australian Competition and Consumer Commission has made it clear that penalties are being set at levels too low to effectively deter and the OECD has recently published a report confirming that Australia has failed to keep pace with international trends …

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