2 ms·
In Australia, for this particular crime the ACCC can impose: > For corporations, will be the greater of: $10,000,000 3 times the value of the benefit
by nl 5y ago
In Australia, for this particular crime the ACCC can impose:
> For corporations, will be the greater of:
$10,000,000
3 times the value of the benefit received, or
10% of annual turnover in preceding 12 months, if court cannot determine benefit obtained from the offence.[1]
$26M is a significant penalty for the Australian arm of Uber.
[1] https://www.accc.gov.au/business/business-rights-protections/fines-penalties https://www.accc.gov.au/business/business-rights-protections...