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Is it illegal to monitor a competitor’s prices and charge the same price?

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Is it illegal to monitor a competitor’s prices and charge the same price?

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Not if it is coincidental or parallel pricing (see previous question). However, price fixing or collusion is illegal. The Australian Competition and Consumer Commission is responsible for administering the legislation that prohibits collusive pricing practices. Where evidence is obtained to support a claim of price fixing they should be contacted on 1300 302 502.

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