Displaying items by tag: cartels

Public sector agencies have been warned to be alert to the potential for collusion between bidders during procurement processes, following a recent ACCC investigation where departmental processes contemplated cooperation by competing businesses on government tenders.

New Zealand’s competition enforcement agency, The Commerce Commission, has issued a revised cartel leniency and immunity policy and revised template leniency agreement.

New Zealand’s competition enforcement agency has got tougher on the country’s cartels, with cartel conduct - including price fixing, market allocation and bid rigging - now punishable with a term of imprisonment of up to 7 years.

The Australia and New Zealand Banking Group (ANZ), Citigroup Global Markets Australia, Deutsche Bank and six senior banking executives have all been committed to the Federal Court of Australia for trial on criminal cartel charges.

Australia’s competition regulator the ACCC has strengthened its cartel immunity and cooperation policy – and launched a whistleblower tool to facilitate anonymous reporting of cartel activities.

Australia’s competition watchdog, the Australian Competition and Consumer Commission has inked a new memorandum of co-operation with the United States Federal Bureau of Investigation which it says will strengthen the agencies’ joint efforts in combating cartels and other anti-competitive behaviour.

New Zealand’s competition enforcement agency, The Commerce Commission, has launched an anonymous whistleblowing tool designed to enable people to report cartels without being identified.