Australia's New Leader Vows To Criminalize Cartels

Law360, New York (December 10, 2007, 12:00 AM EST) -- Australia's newly elected leader has pledged to crack down on cartel activity, promising to introduce legislation early next year to make collusion a criminal offense and send convicted executives to jail for up to five years, according to published reports.

In the wake of the scandal that saw cardboard giant Visy Holdings Ltd. fined a record $33 million for running a price-fixing cartel with rival Amcor Inc., Prime Minister Kevin Rudd said he was preparing to introduce amendments to the Trade Practices Act to include criminal...
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