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Delta Building Automation's A$1.5m fine sends warning on bid rigging, Australian watchdog says

( June 4, 2024, 23:39 GMT | Official Statement) -- MLex Summary: The A$1.5 million ($1 million) penalty imposed on Canberra maintenance company Delta Building Automation is a “strong reminder” to all Australian businesses of the risks of engaging in cartel conduct, including attempts that ultimately don’t succeed, the country’s competition watchdog has said. In a statement, the Australian Competition & Consumer Commission said it welcomed the fine imposed by the Federal Court of Australia on Tuesday, following a long and ultimately successful civil trial targeting the company’s attempt to lure a rival into a bid-rigging arrangement for work on the National Gallery of Australia. The ACCC had asked the court to impose a fine of A$2.5 million. The full statement by the ACCC follows: ...

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