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ARTICLE · 20 MAY 2019

ACCC's 2019 Enforcement Priorities – Punishment And Penalties

The ACCC yesterday released its 2019 enforcement priorities, and the focus was clearly on punishment and penalties.

AustraliaAntitrust/Competition Law

The ACCC yesterday released its 2019 enforcement priorities, and the focus was clearly on punishment and penalties.  

During his annual address, ACCC Chair Rod Sims stated that there should be penalties of over AU$100 million for breaches of consumer law to improve deterrence. Further, that he wasn't going to talk about the importance of 'corporate culture' but rather 'punishment' – and that in his view the way to get the attention of very large companies was to affect shareholder value.

The ACCC also detailed the industries and types of conduct which will be targeted for ACCC enforcement action this year. Companies in the spotlight should review their compliance processes and ensure they have a strategy in place for responding to a regulatory enquiry.

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