The Australian Government Ramps up Penalties for Competition and Consumer Law Breaches – AU$50 Million or 30% Turnover for Companies and AU$2.5 Million for Individuals
In July, we outlined the new Government’s Competition and Consumer Law policy initiatives (click here). The Government has now moved forward with one of these initiatives, publishing for consultation a draft bill and related explanatory materials (click here), seeking very substantial increases to the maximum penalties for breaches of the Competition and Consumer Act 2010…