Anti-Competitive Behaviour | LY Criminal Lawyers Sydney [Video]

Any business that operates in Australia is required to openly compete with rival businesses rather than colluding to monopolise the market and boost profits. Any conduct that intends to reduce or prevent competition is considered anti-competitive behaviour and may be punished under anti-competition law. 

What is Anti Competitive Behaviour?

Anti-competitive behaviour is any concerted practices of collusion between businesses that substantially lessens competition and which flouts, or attempts to flout, Australian competition law. This can include price fixing, abusing substantial market power, exclusive dealings, restricting goods or services, agreeing to allocate customers, or demanding resellers charge a particular price. This conduct is also known as corporate crime, or white collar crime. To dissuade any business from engaging in illegal anti-competitive conduct, anti-competition laws have been  enacted to keep all parties involved honest.

Why is Anti Competitive Behaviour Illegal?

Anti-competitive behaviour is illegal because it essentially helps companies monopolise and manipulate the market, which causes artificial …