A Breach of the Restrictive Trade Practices Provisions of the Competition

question 35

Multiple Choice

A breach of the restrictive trade practices provisions of the Competition and Consumer Act 2010 (Cth) will result in:

• A)a fine of $10 million.
• B)a fine of 5 per cent of the turnover of the preceding 12 months.
• C)a fine of five times the illegal benefit obtained.
• D)a fine of $100 000 for individuals.

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Definitions:

Mad Money

Extra money reserved for spontaneous expenses or for small luxuries, often used more liberally.

Economic Booms

Periods of rapid economic growth and expansion, characterized by increased production, employment, and consumer spending.

Quantity of Money

The complete encompassment of monetary resources in an economy at a given time.

Cost of Living

An economic concept that estimates the amount needed to cover basic expenses in a particular place and time period.