Cartels cave as ACCC hits three a year

Original article by Ben Butler
The Australian – Page: 17 & 28 : 16-Apr-19

Australian Competition & Consumer Commission chairman Rod Sims says it plans to run three cartel prosecutions a year for the foreseeable future. He says a memorandum of understanding with the FBI to share information with the ACCC will help it to prosecute criminal cartel behaviour. The ACCC currently has five criminal cartel cases before the courts, covering industries such as banking and construction. Forming a cartel in Australia has only been illegal since 2009, although it has been illegal in the US since 1890.

CORPORATES
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, UNITED STATES. FEDERAL BUREAU OF INVESTIGATION, AMCOR LIMITED – ASX AMC, CONSTRUCTION, FORESTRY, MARITIME, MINING AND ENERGY UNION OF AUSTRALIA, NYK LINE (AUSTRALIA) PTY LTD, VISY INDUSTRIES AUSTRALIA PTY LTD, KAWASAKI KISEN KAISHA LIMITED

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