New rules prohibiting wage-fixing and no-poaching agreements kick in today in an effort to crack down on companies undermining competition at employees’ expense.
It is now a criminal offence for two or more employers to form deals that fix, maintain, decrease or control wages.
The same goes for agreements that prevent companies from hiring or soliciting each other’s employees.
It comes after the federal government made amendments to the Competition Act’s conspiracy provision in June 2022.
The penalty for violating the wage-fixing and no-poaching provisions includes imprisonment for up to 14 years, and/or a fine to be set at the discretion of the court.
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