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News Cement Australia fly ash fine raised to over US$16m following appeal

Cement Australia fly ash fine raised to over US$16m following appeal

Written by Global Cement staff 05 October 2017
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Australia: The Federal Court has upheld an appeal by the Australian Competition and Consumer Commission (ACCC) and raised a fine against Cement Australia and its subsidiaries for anti-competitive agreements to US$16.1m. Originally the cement producer was fined US$13.4m but the ACCC argued it was too low. A cross appeal by Cement Australia was dismissed.

“The penalties imposed in competition cases are hugely important in deterring anti-competitive conduct, which is why we appealed the original penalties given to Cement Australia,” said ACCC Chairman Rod Sims.

The ACCC first brought the proceedings in 2008 against Cement Australia, Cement Australia Holdings, Cement Australia Queensland (formerly Queensland Cement Ltd), Pozzolanic Enterprises and Pozzolanic Industries. They were related to contracts that were entered into by Cement Australia companies between 2002 and 2006 with four power stations in South East Queensland, to acquire fly ash. The court found contraventions of the Competition and Consumer Act in 2014 and a fine was issued in 2016.

Last modified on 11 October 2017
Published in Global Cement News
Tagged under
  • Australia
  • Cement Australia
  • LafargeHolcim
  • Hanson
  • HeidelbergCement
  • Fly Ash
  • Legal
  • Australian Competition & Consumer Commission
  • Fine
  • Competition
  • GCW323

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