Prison Terms for Bosses, $33 Million Fines Over Waste Cartel

ACCC Chair Gina Cass-Gottlieb speaks to media during a press conference at the ACCC Office in Sydney, Australia, on June 8, 2022. AAP Image/Bianca De Marchi

Two leading waste firm bosses have been handed prison sentences after admitting to engineering a price-fixing scheme to force up costs for their customers.

One of the companies, Bingo Industries, was on Feb. 23 handed the second-biggest fine for cartel conduct in the Australian competition watchdog’s history with a total penalty of $30 million (US$19.7 million).