ACCC gets high fine for price-fixing

The ACCC has continued its push for high penalties (including jail terms) for people found guilty of anti-competitive conduct following the recent decision on petrol price fixing in the Ballarat area.

Pecuniary penalties totalling
$23.305 million were ordered by the Federal Court for
price-fixing conduct in the Ballarat petrol market.The ACCC instituted proceedings against 16 respondents.

However there is concern that some of the respondents are insolvent.

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