-ACCC: ACCC not 'soft' on applying Trade Practices Act

0 Comments | M2 Presswire, August, 1998

M2 PRESSWIRE-10 August 1998-ACCC: ACCC not 'soft' on applying Trade Practices Act (C)1994-98 M2 COMMUNICATIONS LTD RDATE:070898 'The Maritime Union of Australia is claiming that the ACCC is soft in applying the Trade Practices Act 1974 to business,' Australian Competition and Consumer Commission Chairman, Professor Allan Fels, said today.

'In fact the ACCC is widely acknowledged to have been extremely vigorous in applying the Trade Practices Act to break up price-fixing and other cartel agreements; the abuse of market power by monopolists; anticompetitive mergers; misleading and deceptive conduct; and unconscionable conduct affecting small business and consumers. It has applied the law without fear or favour to the biggest and most powerful corporations and...