Sims wants to hit companies in the share price for misconduct

Original article by Andrew White, Perry Williams
The Australian – Page: 19 & 23 : 27-Feb-19

Australian Competition & Consumer Commission chairman Rod Sims has outlined the competition watchdog’s priorities for 2019. They include greater scrutiny of advertising services on digital media platforms, customer loyalty schemes that collect and use data, and consumer protection guarantees for large household items. Sims also says he hopes courts will use consumer penalty laws passed in 2018 to impose fines for corporate misconduct that are sufficient to have a material effect on a company’s share price.

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, COMMITTEE FOR ECONOMIC DEVELOPMENT OF AUSTRALIA, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, DEUTSCHE BANK AG, CITIGROUP PTY LTD, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA

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