Wednesday, December 12, 2007

At Last under new laws, Qantas directors could face jail terms. About time eh!



Under new laws could Qantas directors face jail terms ?
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"It's a message to the whole economy," he said. "We regard cartel and colluding behaviour very seriously and will be introducing prison terms for people who do it.

"If it's a serious offence then we'll be giving the courts power to send people to prison."

The chairman of the Australian Competition and Consumer Commission Chairman, Graeme Samuel, has since 2004 advocated jail to deter serious cases of cartel and collusion behaviour.

The new legislation would allow for jail terms of up to five years and considerable financial penalties.

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