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Comment: 'It quacks, it waddles' — Australia’s new antitrust chief outlines a return to enforcement basics

By Laurel Henning ( February 1, 2023, 20:31 GMT | Comment) -- Australia’s criminal-cartel enforcement regime notched up several breakthroughs in 2022, with companies and individuals pleading guilty and receiving unprecedented penalties and sentences. The successes offered a “huge spur to deterrence and compliance,” Australian Competition & Consumer Commission Chair Gina Cass-Gottlieb has told MLex. Yet with no successful, contested criminal-cartel prosecution under the agency’s belt, Australia’s antitrust chief remains mindful of earlier setbacks. Last year marked a turning point for Australia’s criminal-cartel legislation, with courts hitting convicted cartelists with previously unseen fines and tough sentences. Yet the coming of age in 2022 was notable mainly because, over the previous year, the laws had appeared stuck in an awkward, prolonged adolescence. . . .

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