Visy Industries Holdings Pty Ltd v ACCC

In fixing pecuniary penalties for cartel conduct (price-fixing and market-sharing) under the Trade Practices Act 1974, the penalty must be of a magnitude sufficient to achieve both specific and general deterrence and must not be regarded as an acceptable cost of doing business; the record A$36 million penalty was imposed on the Visy companies for the corrugated fibreboard packaging cartel with Amcor.