Defence Contractors Sued for Price Fixing Allegations

The Australian Competition and Consumer Commission (ACCC) has announced it’s taking action against two ASX-listed companies, Ventia and Spotless.

Australian Army soldiers from 10th Force Support Battalion's Amphibious Beaching Team await the arrival of troops on an Lighter Landing Craft during Exercise Trident 2022 near Shoalwater Bay Training Area, Queensland. Courtesy of the Australian Defence Force

Two companies listed on the Australian Stock Exchange (ASX) are being taken to court by the Australian Competition and Consumer Commission (ACCC).

They have been accused of forming a price-fixing cartel on major defence-related contracts worth billions of dollars.