The Asia-Pacific Antitrust Review 2010

Australia: Overview

The Australian Competition and Consumer Commission (ACCC) has a reputation of being one of the most vigilant competition law enforcement authorities in the world, defending consumer interests vigorously in enforcing both the competition law and consumer protection provisions of the Australian Trade Practices Act 1974 (TPA). Since July 2009, the ACCC has a new powerful weapon in its arsenal: criminal sanctions for cartel conduct, including imprisonment of up to 10 years. Graeme Samuel (ACCC chair) recently pointed out that 'the new legislation brings Australia into line with the toughest approaches in the world. Domestically this means serious cartel conduct will…

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