Tag: Penalties

The OECD has found that penalties for competition law breaches are ‘significantly lower’ in Australia than in comparable OECD jurisdictions, prompting the nation’s competition regulator to announce it will rethink its approach to competition law enforcement. The OECD report, Pecuniary Penalties for Competition Law Infringements in Australia(link is external) compared the penalties for companies which breach […]

The taskforce charged with reviewing ASIC’s enforcement powers, including penalties regime, has recommended nearly tripling penalties for corporate and financial sector misconduct.  In a position paper, published this week, The ASIC Enforcement Review Taskforce expressed concern that penalties available to address corporate and financial sector misconduct are inadequate, inconsistent or too low to act as a […]

Compliance and risk management don’t sound very attractive but they are crucial to having a sound business and are drivers to achieving business excellence – we call it Future-Proofing. Undertaking an annual legal health check of your company is one of the best decisions you will make for it’s reputation, growth and for your sanity. […]

The ACCC is highlighting cartel conduct in government procurement, truth in advertising, competition and consumer issues in the health sector and industry codes as some of its compliance and enforcement priorities in 2015.

The Australian Competition and Consumer Commission will be given more scope to punish fly-by-night franchise operations under new changes proposed by the government.

New privacy laws have been in effect since 12 March 2014, and for the first time, Australian businesses are facing serious penalties if they don’t toe the line. So what does it all mean for SMEs?

Today marks the arrival of the new Australian Privacy Principles and with it a significant change in Australia’s privacy laws which will impact public and private organisations that collect and manage personal data.

Industry commentators are warning of the tough new penalties awaiting businesses which are unprepared for the new Australian Privacy Principles (APPs).