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Australia: Consumer and competition law - Penalty regime

Journal Article


Abstract


  • In the midst of the recent election and political leadership chaos in Canberra, one could easily be forgiven for failing to notice the passing by the Australian Parliament in August 2018 of legislation which substantially increases the maximum pecuniary penalties that may be ordered under the Competition and Consumer Act 2010 (Cth).

    Significantly higher financial penalties for breaches of the Australian Consumer Law (which is Sch.2 of the Competition and Consumer Act) were on the way with the new legislation, which, after having received the Royal Assent, was to take effect by 1 July 2018. The legislation will not have retrospective effect.

Publication Date


  • 2019

Citation


  • C. YC. Chew, 'Australia: Consumer and competition law - Penalty regime' (2019) 30 (12) International Company and Commercial Law Review N-101-N-102.

Ro Metadata Url


  • http://ro.uow.edu.au/balpapers/22

Start Page


  • N-101

End Page


  • N-102

Volume


  • 30

Issue


  • 12

Place Of Publication


  • United Kingdom

Abstract


  • In the midst of the recent election and political leadership chaos in Canberra, one could easily be forgiven for failing to notice the passing by the Australian Parliament in August 2018 of legislation which substantially increases the maximum pecuniary penalties that may be ordered under the Competition and Consumer Act 2010 (Cth).

    Significantly higher financial penalties for breaches of the Australian Consumer Law (which is Sch.2 of the Competition and Consumer Act) were on the way with the new legislation, which, after having received the Royal Assent, was to take effect by 1 July 2018. The legislation will not have retrospective effect.

Publication Date


  • 2019

Citation


  • C. YC. Chew, 'Australia: Consumer and competition law - Penalty regime' (2019) 30 (12) International Company and Commercial Law Review N-101-N-102.

Ro Metadata Url


  • http://ro.uow.edu.au/balpapers/22

Start Page


  • N-101

End Page


  • N-102

Volume


  • 30

Issue


  • 12

Place Of Publication


  • United Kingdom