Wednesday, 28 November 2018

Labor's plans for ACCC

Labor outlines plans to tighten competition policy and boost regulator Apart from giving the ACCC more money, I am not too sure what Labor could do boost the ACCC's powers. The ACCC recently secured the highest maximum penalties anywhere in the world for breaches of consumer protection laws. The ACCC can already fine companies 10% of their annual turnover for competition law breaches and put individuals in jail for 10 years for cartel conduct.

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