Brief: ACCC Announces Penalty For Resale Price Maintenance Conduct By Power Tool Supplier Techtronic

Techtronic Industries Co

01/12/2023 01:32

Dec 1 (Reuters) - ACCC:
    * RECORD PENALTY FOR RESALE PRICE MAINTENANCE CONDUCT BY
POWER
TOOL SUPPLIER TECHTRONIC
    * TECHTRONIC HAS BEEN ORDERED TO PAY PENALTIES TOTALLING
A$15
MILLION
    * TOTAL PENALTIES, ORDERED BY FEDERAL COURT, ARE THE HIGHEST
IMPOSED FOR RESALE PRICE MAINTENANCE IN AUSTRALIA
    * PENALTIES AFTER TECHTRONIC ADMITTED HAD ENGAGED IN RESALE
PRICE
MAINTENANCE CONDUCT ON MILWAUKEE BRANDED PRODUCTS, ETC
    * COURT ORDERED TECHTRONIC TO POST CORRECTIVE NOTICES ON
WEBSITE
AND TO  DEALERS, IMPLEMENT COMPLIANCE PROGRAM AND PAY PART OF
THE ACCC’S COSTS
    * TECHTRONIC ADMITTED TO ENGAGING IN RESALE PRICE
MAINTENANCE, AND
COOPERATED WITH ACCC


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 ((Reuters.Briefs@thomsonreuters.com;))