ACCC takes action against Koyo for alleged cartel conduct

The Australian Competition and Consumer Commission has instituted civil proceedings in the Federal Court against Koyo Australia Pty Ltd (Koyo) for alleged cartel conduct relating to the supply of ball and roller bearings for use in motor vehicles and industrial applications.

The ACCC alleges that in 2008 and 2009, Koyo and at least two of its competitors made and gave effect to two separate cartel arrangements for an increase to the price of bearings to their aftermarket customers.

ICN anti-cartel enforcement template

This template is intended to provide information for the International Competition Network member competition agencies about each other’s legislation concerning hardcore cartels.

Cartels: what you need to know - a guide for business

This guide is designed to give businesses an overview of the law in relation to cartel conduct as outlined in the Competition and Consumer Act 2010.

Cartel - The Marker DVD

A film about cartel activity and its consequences available for order on DVD or view it online.

ACCC immunity & cooperation policy for cartel conduct

The ACCC immunity and cooperation policy for cartel conduct sets out the policy of the ACCC in relation to applications for immunity from ACCC-initiated civil proceedings by those involved in cartel conduct, and how cooperation provided to the ACCC by cartel participants will be recognised.

Japanese cable supplier to pay $1.35 million penalty for cartel conduct

The Federal Court in Adelaide has today ordered a penalty of $1.35 million against Japanese cable supplier Viscas Corporation in respect of bid rigging and price fixing conduct in proceedings brought by the Australian Competition and Consumer Commission.

The penalty follows Viscas admitting that, in September 2003, it reached an anti-competitive arrangement with other Japanese and European suppliers of land cables in relation to an invitation to tender issued by Snowy Hydro Limited.  The terms of the arrangement were that: