Key Points
- Submissions on the draft cartel bill highlight concern
and confusion over the distinction to be drawn between criminal and
civil conduct under the proposed Bill, and the impact on the
ACCC's Immunity Policy.
- Corporations doing business in Australia should be
prepared to audit their operations for compliance when the new laws
come into force.
"So long as you are only talking about money, the
company can at the end of the day take care of me - when you talk
about taking away my liberty, there is nothing that the company can
do for me." - Graeme Samuel
The exposure draft of the Trade Practices Amendment (Cartel
Conduct and other Measures) Bill 2008 was distributed for comment
by the Government earlier this year. The Government called for
submissions on the draft legislation and while almost everybody
seems to agree that serious cartel conduct needs to be
criminalised, the differing views expressed in the submissions
highlights divided opinion on
