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Courts should have divestiture power for antitrust breaches, top Australian official says

By Laurel Henning ( May 31, 2023, 06:23 GMT | Insight) -- Companies in breach of Australian competition law should face the threat of divestiture where the country’s antitrust watchdog can prove to a court that it’s warranted, Australia’s top antitrust official has told a hearing of the Australian senate. Competition & Consumer Commission Chair Gina Cass-Gottlieb said that divestiture power would “be a worthwhile power for a court to consider” as part of potential updates to national competition law.Companies in breach of Australian competition law should face the threat of divestiture where the country’s antitrust watchdog can prove to a court that it’s warranted, said Gina Cass-Gottlieb, the head of the Australian Competition & Consumer Commission, or ACCC....

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