The Australian Senate passes a bill that introduces new criminal and civil offenses on cartel conduct

Following the international trend towards criminalizing cartel offenses, the Australian Senate passed a bill on June 16 that amends the key antitrust law in Australia, the Trade Practices Act 1974, by introducing parallel civil and criminal sanctions on cartel conduct. The Trade Practices Amendment (Cartel Conduct and Other Measures) Bill 2009 now awaits Royal Assent (provided by the Governor-General of Australia), which is expected in about one week. The law will become effective 28 days thereafter. The new Australian criminal sanctions on cartel offenses bring the penalties more in line with those in the United States. Individuals face a maximum jail term of 10 years and/or fines of up to AUD$ 220,000 (US$1 73,690). This mirrors the 10 year maximum imprisonment term in the United

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  • Winston & Strawn (Washington)
  • Jones Day (Sydney)

Quotation

Stephen Harris, Chris Ahern, The Australian Senate passes a bill that introduces new criminal and civil offenses on cartel conduct, 16 June 2009, e-Competitions June 2009, Art. N° 33780

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