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ACCC trade practices compliance update

ACCC Enforcement Commissioner Sarah Court's speech on compliance provides a number of reasons why compliance, especially voluntary compliance, makes good sense for any business. Highlighting a number of case studies, she provides some guidance on how the ACCC may react to certain breaches: will it litigate, accept a court enforceable undertaking or resolve the matter administratively?

October 26, 2009 in Compliance, Trade Practices | Permalink

Comments

Voluntary compliance is really not an option. Import and export laws are there to mandate compliance. By not complying, substantial, and in some places punitive penalties or criminal charges may ensue. Having a close understanding of the regulatory laws and implementing good business practices are always a good path. Some country's governments allow disclosures of errors for those mistakes, and mitigate penalties when a company has good practices in place. When countries adopt these practices within their regulations, we will see more acceptance to "voluntary compliance".

Posted by: Jim Wickstead | Nov 17, 2009 1:10:45 PM

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