Government arms ACCC to deal with carbon tax inspired price gouging

Falsely represent to your customers that your latest price hike is the result of the carbon tax and you could be liable to pay a $1.1M fine.

The federal government has funded the ACCC with $12.8M to combat price gouging, with the Treasurer stating

that's why we say [the ACCC is the] the watchdog with sharp teeth. These are very, very substantial penalties. There can be multiple penalties because there may be multiple offences by the same organisation.

With the ACCC successfuly suing Optus for a record $5.26M earlier this month, businesses are rightly treading carefully.

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