A PYMNTS Company

Civil penalties for cartel conduct: An OECD Review of the Australian Regime

By  |  April 29, 2018
Civil penalties for cartel conduct: An OECD Review of the Australian Regime

For much of the early part of the last decade the focus of Australian competition law and enforcement has been on the introduction and implementation of criminal sanctions for individuals for cartel conduct, introduced in 2009. Almost ten years on, a critical review of civil penalties for companies is timely.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Building on prior OECD work comparing sanctions for competition law infringements, Australia recently asked the OECD to review its penalties regime and compare it with the practices of a number of representative OECD jurisdictions. The report, published in March 2018, confirms what many have been saying for some time: Australia’s penalties are too low for deterrence and the approach to penalising corporates for anti-competitive conduct needs to change.

    To explore this topic, Professor Caron Beaton-Wells, Director of the Competition Law and Economics Network at Melbourne Law School, was joined by Sean Ennis and Pedro Caro de Sousa of the Competition Division of the OECD, for a discussion in Melbourne.