Competition Law

Australian Competition Law and Policy Discussion

Posts Tagged ‘royal assent’

Criminal Cartel Bill receives Royal Assent

Posted by Julie Clarke on 2 July 2009

The Criminal Cartel Bill received Royal Assent on 26 June 2009 – it is now an Act (Act no 59 of 2009) and the cartel provisions will enter force after 28 days (24 July).

The ACCC has also released a Revised Immunity Policy for Cartel Conduct and associated interpretation guidelines. They will come into operation when the new cartel provisions come into force on 24 July. In addition to setting out the process for obtaining immunity for civil cartel conduct the new policy sets out the procedures for obtaining immunity in relation to criminal cartel offences, including the role of the Commonwealth Director of Public Prosecutions (CDPP) (see, in particular, Annexure B of the Prosecution Policy of the Commonwealth).

Posted in Cartels, Criminal Penalties, Guidelines, Immunity, Price Fixing | Tagged: , , , | Leave a Comment »

 
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