@Zagorath so a no pain fine?
That'll learn'em not
this post was submitted on 08 Aug 2024
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Fine seems rather small tbh
It would be one of the largest ones accc has handed out?
If I recall, Telstra got a $10m fine once, and at the time that was largest ever.
Yeah just looked.
VW got $125m, Qantas $20m, abnb $15m, then this is 4th I think
The size of the fine is irrelevant. What matters is the fine being proportionally punitive that it deters similar actions, instead of being viewed as another overhead and the cost of doing business.
If you steal a car, sell it and make 10k, the cops don't fine you 5k. They take the whole lot and more. If they only took 5k, then the cops are operating more like a coconspirator in the racketeering; taking their cut of a profitable crime, that is guaranteed to be repeated.
A corporation will factor in the cost of legal fees + settlement, plus the probability of any action taken against them in the first place. So if they're only investigated 1% of the time, the fine for a crime should be multiplied 100x whatever profit they made, at the very least.