Competition and Consumer Protection (Amendment) Bill 2018

Public bill · Private Member · Introduced

Gives the Competition and Consumer Protection Commission a new power to punish businesses that take part in anti-competitive conduct. Instead of relying only on court action, the Commission could order financial penalties of up to €100 million or up to 10% of a company’s turnover, and could also issue advice, cautions, warnings or reprimands. Any penalty would have to be confirmed by the High Court, and the court could hear appeals or change the sanction. This matters because it would make enforcement faster and stronger, helping to deter cartels and other behaviour that can push up prices and harm consumers.

Formal long title

Bill entitled an Act to provide the Competition and Consumer Protection Commission with powers to issue administrative sanctions against undertakings engaged in anti-competitive practices by amending the Competition and Consumer Protection Act 2014; and to provide for related matters

Last updated 13 February 2020