How Much Does It Hurt? How Australian Businesses Think About the Costs and Gains of Compliance and Noncompliance with the Trade Practices Act. How Much Does It Hurt? How Australian Businesses Think About the Costs and Gains of Compliance and Noncompliance with the Trade Practices Act.

How Much Does It Hurt? How Australian Businesses Think About the Costs and Gains of Compliance and Noncompliance with the Trade Practices Act‪.‬

Melbourne University Law Review 2008, August, 32, 2

    • 25,00 kr
    • 25,00 kr

Publisher Description

[Law-makers, courts and regulators all assume that businesses' compliance with the law is at least partly influenced by management's rational calculations about the costs and gains of compliance and noncompliance. In this article, the authors use evidence from a survey of 999 large Australian businesses and these businesses' experiences of compliance and enforcement under the Trade Practices Act 1974 (Cth) ('TPA') to examine how large Australian businesses perceive the costs and gains of compliance and noncompliance with the Act. First, the authors look at how serious these businesses perceive the threat of financial penalties, criminal convictions, and economic and social losses to be in the event of noncompliance, as well as whether they see benefits such as organisational learning as gains of compliance. Secondly, the authors examine whether enforcement action of the Australian Competition and Consumer Commission ('ACCC') or stakeholder criticism changes the way that these businesses calculate the costs and gains of compliance and noncompliance. The authors end by drawing some policy conclusions for the TPA and the A CCC.] I INTRODUCTION

GENRE
Professional & Technical
RELEASED
2008
1 August
LANGUAGE
EN
English
LENGTH
97
Pages
PUBLISHER
Melbourne University Law Review
SIZE
440.3
KB

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