Allens Arthur Robinson
The Federal Court has imposed the highest ever penalty for misuse of market power, after Cabcharge Australia Ltd settled with the Australian Competition and Consumer Commission and was fined $14 million for contravening section 46 of the Trade Practices Act. Partner Kon Stellios (view CV), Senior Associate Helen Anness and Lawyer Jess O’Brien report.
- The misuse of market power provisions in the TPA
- The settlement between the ACCC and Cabcharge
- Implications for Cabcharge