3 ms·

> If I can steal $5 from you, and the worst thing that happens if I get caught is that I have to give the $5 back, what sort of incentive do you think that crea

• urthor 4y ago
  These are civil, white collar crimes. It's the same concept. If a corporation commits a civil crime, the maximum in damages it can repay is the amount of damage it caused, give or take interest.
  • throwawaylinux 4y ago
    > These are civil, white collar crimes. > It's the same concept. If a corporation commits a civil crime, the maximum in damages it can repay is the amount of damage it caused, give or take interest. It sounds like you're just making that up. I found the agency and the page on the regulation being breached: https://www.accc.gov.au/business/business-rights-protections/fines-penalties https://www.accc.gov.au/business/business-rights-protections... The maximum penalties per breach of the ACL including unconscionable conduct, making false or misleading representations, and supplying consumer goods or certain services that do not comply with safety standards or which are banned: 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. The penalty for this particular "civil crime" (if that is actually what it's called), does not talk about repaying damages at all, and it can be 3 times the value of the benefit. So what's the basis for what your seemingly contradictory claims?
    • deleted 4y ago
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