The Australian Competition and Consumer Commission has filed a Notice of Appeal from the Federal Court’s decision on 10 February 2016 dismissing the ACCC’s proceedings against the Australian Egg Corporation Limited (AECL) and four other corporate and individual respondents. The ACCC alleged that the respondents attempted to induce egg producers to enter into an arrangement or understanding to restrict or limit the production or supply of eggs.
The Federal Court has found that a Japanese company, Yazaki Corporation (Yazaki), engaged in collusive conduct with its competitor in the supply of wire harnesses to Toyota Motor Corporation (Toyota) in Australia, in proceedings brought by the Australian Competition and Consumer Commission.
The Australian Competition and Consumer Commission has commenced proceedings in the Federal Court of Australia against eleven respondents for alleged bid rigging conduct involving mining exploration licences in the Bylong Valley, NSW. The respondents are:
The Australian Competition and Consumer Commission has concluded its review of public comments made by Andrew Forrest, Chairman of Fortescue Metals Group Ltd (Fortescue) calling for a cap on iron ore production.
In his first speech of the year, Chairman Rod Sims launches the 2015 edition of the ACCC’s Compliance and Enforcement Policy at CEDA in Sydney. Mr Sims announces cartel conduct in government procurement, truth in advertising, competition and consumer issues in the health sector and industry codes as new priorities. He also outlines the ACCC’s role in ensuring privatisation delivers for consumers, improving the functioning of the financial system given the competition focus of the Murray report, ensuring a smooth transition for consumers to NBN services and reviewing water rules to improve outcomes in the Murray-Darling Basin.
The Australian Competition and Consumer Commission has lodged a notice of appeal from the Federal Court’s decision to dismiss the ACCC’s proceedings against Air New Zealand Ltd (Air New Zealand) and PT Garuda Indonesia Ltd (Garuda) in relation to an alleged air cargo cartel.
In its proceedings, the ACCC alleged that Air New Zealand and Garuda contravened the Trade Practices Act 1974, now called the Competition and Consumer Act 2010 (the Act), by fixing the level of various surcharges to be applied to air cargo services supplied by a number of airlines between 2001 and 2006.
The Full Federal Court has today dismissed the appeal of Paul and Moses Obeid and upheld the decision that compulsory examination notices issued by the Australian Competition and Consumer Commission to Paul and Moses Obeid are valid.
The notices were issued under Section 155 of the Competition and Consumer Act 2010 (CCA) and require Paul and Moses Obeid to attend the ACCC offices, give evidence before the ACCC, and produce documents.
The Federal Court has dismissed proceedings brought by the Australian Competition and Consumer Commission against Air New Zealand Ltd (Air New Zealand) and PT Garuda Indonesia Ltd (Garuda) for alleged price fixing in the air cargo industry.
The proceedings against Air New Zealand and Garuda concerned alleged arrangements or understandings with other international air cargo carriers in the period between 2001 and 2006, to fix fuel, security and insurance surcharges on air cargo services.
The Federal Court has by consent ordered penalties totalling $8.3 million against Renegade Gas Pty Ltd (trading as Supagas NSW, a privately owned company) (Renegade Gas), Speed-E-Gas (NSW) Pty Ltd (Speed-E-Gas) (a wholly owned subsidiary of Origin Energy Limited), and three current and former senior officers of the two companies for engaging in cartel conduct.
The Australian Competition and Consumer Commission has published its updated Immunity and Cooperation Policy for Cartel Conduct.
“Due to the difficulty in detecting cartels and the damage that cartels cause to competitors and consumers, identifying and prosecuting cartel conduct is an enduring priority for the commission,” ACCC Chairman Rod Sims said.
“This immunity policy and the threat of civil and criminal penalties are fundamental to the effective discovery and disruption of cartel conduct.”