IoD welcomes climate reporting reform that removes personal liability for direct...
Changes announced by Minister Scott Simpson aim to make climate reporting more proportionate and support better governance.
The Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect 8 April 2021.
The Commerce (Criminalisation of Cartels) Amendment Act 2019 introduced a criminal offence for people engaged in cartel conduct, with effect from April 2021.
This offence is in addition to the existing civil prohibition on cartels and forms part of the Commerce Act 1986. Individuals convicted of the new offence will be liable for up to 7 years imprisonment and/or a fine not exceeding $500,000.
For more on the new offence and what this means for directors see: