Fine For Misuse of Market Power and Predatory Pricing
In September 2010, the Federal Court imposed the highest ever penalty for misuse of market power when Cabcharge settled court proceedings with the Australian Competition and Consumer Commission (ACCC). The case resulted in Cabcharge being fined $15 million ($14 million in civil penalties and $1 million in costs) for breaching the Commonwealth Trade Practices Act.
Read more about this topic: Cabcharge, Concerns About Cabcharge Activities
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