Faafoi revives plan to impose criminal sanctions on cartels

Thu, 15 Feb 2018

By Paul McBeth Feb. 15 (BusinessDesk) - Commerce and Consumer Affairs Minister Kris Faafoi today tabled legislation reviving plans that would criminalise cartels, attaching harsher penalties including the threat of jail. The Commerce (Criminalisation of Cartels) Amendment Bill will make it a criminal offence to engage in a cartel, adding the threat of imprisonment which Faafoi said he hoped would be a "strong deterrent" with existing civil penalties too weak to deter the anticompetitive behaviour. The law would run the criminal regime in...

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