Sentences with phrase «pecuniary penalties»
"Pecuniary penalties" refer to financial punishments or fines that are imposed on individuals or organizations for breaking the law or committing certain offenses. These penalties are meant to deter wrongdoing by causing financial loss to the offender. In simple terms, it means being charged or fined money for doing something illegal or against the rules. Full definition
The report is being presented at a closed OECD workshop in Sydney today: Workshop on Australian Pecuniary Penalties for Competition Law Infringements
australiancompetitionlaw.org
This decision has significant implications for the existing common practice of the Australian Competition and Consumer Commission (ACCC) and respondents to make agreed joint submissions as to appropriate pecuniary penalties in competition law cases.
ACCC will not be seeking pecuniary penalty against Murray Goulburn because, as a co-operative, any penalty imposed can directly hit the farmers.
Coles was ordered to pay pecuniary penalties of $ 10 million and costs, and has provided a court enforceable undertaking to the ACCC to establish a formal process to provide redress for over 200 suppliers.
ACCC is also seeking seven - year disqualification orders and pecuniary penalties against Mr Helou and Mr Hingle.
Rebecca Ananian - Welsh and Kate Gover, «Before the High Court: Commonwealth v Director, Fair Work Building Industry Inspectorate: The End of Penalty Agreements in Civil Pecuniary Penalty Schemes?
Rod Sims, «Release of the OECD's Penalties for Competition Law Infringements in Australia report» (Workshop on Australian Pecuniary Penalties for Competition Law Infringements, Sydney, 26 March 2018)
The matter will be listed for a directions hearing regarding submissions on relief, including pecuniary penalties.
The ACCC's enforcement powers are extensive — for some contraventions it can seek remedies such as criminal or civil pecuniary penalties up to $ 1.1 million for companies and $ 220 000 for individuals, infringement notice penalties of up to $ 108 000 for publicly listed companies, $ 10 800 for corporations and up to $ 2160 for individuals, disqualification orders, injunctions to prevent ongoing conduct and corrective advertising orders.
The ACCC is seeking pecuniary penalties, declarations, injunctions, compliance programs and costs.
Individuals found guilty of cartel conduct could face criminal or civil penalties, and corporations could face fines or pecuniary penalties for each criminal cartel offence or civil contravention.
In a mark of the allegation's seriousness, the ACCC is seeking pecuniary penalties, which could run to as high as $ 10 million or 10 per cent of each company's annual turnover, against Woolworths, Colgage - Palmolive and Cussons.
The ACCC is seeking declarations, injunctions, pecuniary penalties, corrective notices and costs as part of the legal proceedings.
N ° 73596 On 1 May 2015 the Full Court of the Federal Court of Australia ruled that it was not permissible for parties to make joint submissions as to the appropriate «pecuniary penalty» to be imposed: Director, Fair Work Building Industry Inspectorate v Construction, Forestry, Mining and Energy Union [2015] FCAFC 59 (1 May 2015)(CFMEU).
The OECD today released its report, Pecuniary Penalties for Competition Law Infringements in Australia.
They are seeking declarations, injunctions, compliance training and pecuniary penalties..
The ACCC is seeking declarations, injunctions, pecuniary penalties, orders that Coles review its compliance program, orders that Coles publish corrective notices on its website and in Coles supermarkets that have in - store bakeries, and costs.