Business Services Industry
Jail people for illegal price-fixing: watchdogs.
Australasian Business Intelligence, June, 2007
Byline: Jessica Irvine
Jun 24, 2007 (The West Australian - ABIX via COMTEX) -- Australian competition regulators have called for jail terms for price fixing. Graeme Samuel, the chairman of the Australian Competition & Consumer Commission (ACCC), says that collusion is a criminal action. Allan Fels, the former chairman of the ACCC, supports criminal sanctions, saying that they would be more productive than another inquiry into petrol prices. The Australian Government promised that it would introduce jail terms for price collusion in 2003.
Publication Date: 25 June 2007
AUSTRALIAN COMPETITION AND CONSUMER COMMISSION
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