The Australian Federal Court imposes a penalty of $3 million against a supplier of ball bearings for engaging in cartel conduct (NSK)

This article was originally published on In Competition by King & Wood Mallesons (click here).

ACCC bears down on cartels* On 13 May 2014, the Federal Court imposed a penalty of $3 million against NSK Australia, a supplier of ball bearings, for engaging in cartel conduct. The proceedings follow on from the ACCC’s proceedings against another cartel member, Koyo Australia Pty Ltd (Koyo) in October 2013 (see our previous post). The Court imposed the $3 million penalty against NSK on the basis of a statement of agreed facts, in which NSK admitted that it had made two arrangements with the purpose, effect or likely effect of fixing, controlling or maintaining the price of ball bearings sold to after-market customers in Australia. This decision provides useful insights into

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  • University of New South Wales (Sydney)

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Jax Arnold, The Australian Federal Court imposes a penalty of $3 million against a supplier of ball bearings for engaging in cartel conduct (NSK), 13 May 2014, e-Competitions Bulletin May 2014, Art. N° 67480

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