ACCC’s new penalty guidelines – some queries

The ACCC has issued new penalty guidelines – Guidelines on ACCC approach to penalties in competition and consumer law matters

Penalising cartel conduct – BlueScope Steel: $57m penalty, net profit $2.8b

The Federal Court has fined BlueScope Steel $57 million for cartel conduct under the Competition and Consumer Act 2010 (Cth)

“Record penalties” imposed … against insolvent companies

While much is made of the “record penalties of $438m” penalties imposed on the Phoenix Institute and related companies for

Breach of an undertaking not to enter insolvency, an undertaking that was “not worth the paper it was written on”

In a penalty judgment against GetSwift, Justice Michael Lee had some comment to make about GetSwift’s entry into voluntary liquidation

Unconscionable and immoral corporate conduct – nothing personal

In imposing a $153 million penalty on the Australian Institute of Professional Education, already in liquidation, for its “deliberate and

Regulatory penalties

Sanctions imposed by courts for breaches of competition or regulatory laws have to tread a line between being so severe

Penalties and bankruptcy

A person in breach of consumer protection laws concerning the hire of  4 wheel drive vehicles has been ordered to

Insolvency Law Bulletin – penalties, phoenix & preferences, franchises & offence reports

The latest issue of the Insolvency Law Bulletin (2019) 20(4&5) covers some very topical issues. The Halifax Investment Services matter

ASIC’s deterrence message – “no point just communicating this into the Fin Review”.

ASIC gave some useful insights before the recent Senate oversight hearing[1] on 13 September as to the reality of the

Flying low – an airline’s ‘extraordinary’ response to a $19m penalty

A major international airline turned up to court to seek a stay of a A$19m penalty with evidence so inadequate

Lifting the fear and suppressing the greed – a Senate committee report on penalties for white collar crime

A long awaited Senate committee report on penalties for white collar crime was issued on 23 March 2017 under the

Senate inquiry

On 29 November 2016, the Senate referred the following matters to the Economics References Committee for inquiry and report by