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Australian federal prosecutor, antitrust watchdog sign criminal-cartel agreement

( December 18, 2024, 02:56 GMT | Official Statement) -- MLex Summary: Australia’s competition watchdog has signed a new memorandum of understanding with the country’s federal prosecutor, outlining practices when referring a criminal-cartel matter for prosecution under the terms of Australia’s 2009 laws. The agreement, which replaces the 2014 version of the document, says that the Australian Competition & Consumer Commission may refer an investigation to the Commonwealth Director of Public Prosecutions when the conduct uncovered causes “large scale or serious economic harm” and when it could have had a “significant impact” on a market.The full MOU between the Australian Competition & Consumer Commission and the Commonwealth Director of Public Prosecutions is attached. ...

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