Australia Publishes Draft Law To Criminalize Cartels

Law360, New York (October 27, 2008, 12:00 AM EDT) -- The Australian government has released a final draft of proposed anti-cartel legislation that would make price collusion a criminal offense and send convicted corporate executives to jail for up to 10 years, bringing the country in line with the United States.

The federal bill, which would amend the current Trade Practices Act, follows a pledge last December by Prime Minister Kevin Rudd to crack down on cartel activity in the wake of the scandal that saw cardboard giant Visy Holdings Ltd. fined a record $33 million...
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