The Australian Competition and Consumer Commission (ACCC) has announced the Brisbane Federal Court has ordered more than $1 million in total penalties against two truck retailers and three individuals in proceedings brought by the ACCC for price fixing and market sharing.

Vanderfield Pty Ltd, which sells Hino trucks in Toowoomba and the Gold Coast, and Sci-Fleet Motors Pty Ltd, which sells Hino trucks in Brisbane, will pay penalties of $500,000 each, and the individuals $30,000 each.

Justice Dowsett found that between about February 2005 and September 2006, Vanderfield, through its then sales managers Bavin Cherry and John McGuinn, and Sci-Fleet, through a sales manager Ross Goodwin, gave effect to anti-competitive agreements in relation to the sale of light and medium trucks in south east Queensland, contravening the Trade Practices Act 1974.

The parties made full admissions and also recommended agreed penalties to the court to resolve the matter. It was accepted that the individuals concerned did not understand the law or the legal consequences of their actions.

The court also ordered the companies to pay $50,000 each in costs. The companies had earlier given court-enforceable undertakings to the ACCC in relation to their trade practices law compliance programs.

5 November, 2009