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Qteq's potential collapse shouldn't affect cartel-penalty decision, Australian court hears

By Saloni Sinha ( October 27, 2025, 07:34 GMT | Insight) -- Mining-services and equipment company Qteq's potential financial collapse shouldn’t affect the court’s decision to impose a hefty penalty for “pernicious” cartel conduct, Australia's competition watchdog has argued. In a Federal Court of Australia hearing on Monday, Lawyer Nicholas De Young, acting for the Australian Competition & Consumer Commission, cited a separate and previous judgment to argue that if general deterrence requires a penalty that may ruin a company, that is no reason not to impose it.Mining-services and equipment company Qteq's potential financial collapse shouldn’t affect the court’s decision to impose a hefty penalty for “pernicious” cartel conduct, Australia's competition watchdog has argued....

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