Power tool supplier Techtronic has been ordered to pay penalties totalling
The total penalties, ordered by the Federal Court, are the highest imposed for resale price maintenance in
"The ACCC submitted to the Court that this level of penalty was appropriate given the seriousness, duration and extent of Techtronic's conduct. It sends a strong signal to deter others from engaging in RPM, and should serve as a warning for all other businesses," ACCC Deputy Chair
"Resale price maintenance is illegal because it is harmful to price competition, which may mean consumers pay a higher price than they would in a truly competitive market."
Techtronic admitted that, between
Techtronic also admitted it enforced the restrictive RPM provisions in its contracts 29 times between
The Court also ordered Techtronic to post corrective notices on its website and to its dealers, implement a compliance program and pay part of the ACCC's costs. The Federal Court will publish its written reasons at a later date.
Techtronic admitted to engaging in resale price maintenance, and cooperated with the ACCC. The parties filed joint submissions, a statement of agreed facts, and joint proposed orders. Background
Techtronic is the Australian subsidiary of
Techtronic is a wholesale supplier of
The ACCC instituted proceedings against Techtronic in
.
(C) 2023 M2 COMMUNICATIONS, source