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 Statist Scum: Predatory OZschwitz ACCC hatches fresh case tackling industry collusion

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Statist Scum: Predatory OZschwitz ACCC hatches fresh case tackling industry collusion Vide
PostSubject: Statist Scum: Predatory OZschwitz ACCC hatches fresh case tackling industry collusion   Statist Scum: Predatory OZschwitz ACCC hatches fresh case tackling industry collusion Icon_minitimeThu May 29, 2014 12:59 am
The country's top competition regulator is increasing its focus on cartel activity as part of a sweeping crackdown on companies that engage in anti-competitive behaviour.

Rod Sims, chairman of the Australian Competition and Consumer Commission, is forming new dedicated teams to tackle what he says is a disturbing amount of collusion among major companies and their competitors.

''We are seeing an uncomfortable level of cartel activity in Australia,'' he said. ''It has a profound effect on the prices consumers pay for their goods, and it completely undermines the way a market economy is supposed to work.

''We think it's something we need to put more effort in because clearly the deterrence message is not getting through.''

The warning comes as the regulator filed its latest claims of cartel activity against major industry body the Australian Egg Corporation Limited (AECL) in the Federal Court.

http://www.smh.com.au/business/accc-hatches-fresh-case-tackling-industry-collusion-20140528-394os.html
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