The Competition and Consumer Act makes it illegal for companies to make a contract or arrangement that would substantially lessen competition

Question

Quizplus · Accepted Answer

This is true. Section 45 of the Competition and Consumer Act 2010 (Cth) prohibits contracts, arrangements or understandings that have the purpose, effect or likely effect of substantially lessening competition in a market. This is known as the "cartel conduct" provision.

The Competition and Consumer Act Makes It Illegal for Companies