Section 62 Federal Competition and Consumer Protection Act 2018

Section 62 of the Federal Competition and Consumer Protection Act 2018 is about Agreements by suppliers. It is under Part VIII (Restrictive Agreements) of the Act.

(1) No two or more unde1iakings shall enter into any agreement whereby they undertake to –

(a) withhold supplies of goods or services from dealers (whether parties to the agreement or not) who resell or have resold any goods or services in breach of any condition as to the price at which those goods or services may be resold; or

(b) refuse to supply goods or services to the dealers referred to in paragraph (a) except on terms and conditions that are less favourable than those applicable to other dealers carrying on business in similar circumstances.

(2) No two or more undertakings shall enter into, or carry out, any agreement authorising the recovery of penalties, however described, by or on behalf of the parties to the agreement from dealers who resell or have resold goods or services in breach of any condition described in paragraph (a).