#Competition Law
Penalties of Competition law, is your business at risk?
Australia’s legal system has transformed significantly in recent times, and with increasingly regulated working environments it’s essential that business owners are aware of potential legal risks. Competition law is defined as “a law that is intended to make sure there is fair competition between businesses, for example by making rules to control monopolies”. One of […]
Australia’s Competition law penalties may be too low to sufficiently deter breaches: report
The OECD has found that penalties for competition law breaches are ‘significantly lower’ in Australia than in comparable OECD jurisdictions, prompting the nation’s competition regulator to announce it will rethink its approach to competition law enforcement. The OECD report, Pecuniary Penalties for Competition Law Infringements in Australia(link is external) compared the penalties for companies which breach […]
Mounting dismay over delays to decision on ‘Effects Test’
In a move that could be regarded as inconsistent with previous rhetoric showing support for small business, the Government has resolved to defer reforms that would strengthen section 46 of the Competition Act with the implementation of an ’Effects Test’. The reforms proposed by Small Business Minister, the Hon Bruce Billson were designed to stop […]
ACCC releases small business report
The Australian Competition and Consumer Commission has released its Small Business In Focus Report, looking at the contacts that small business made with the ACCC in 2012.