FAQ On Enforcement & Compliance
An agreement when used in relation to a restricted practice, includes a contract, arrangement or understanding, whether legally enforceable or not;
A concerted practice” means co-operative or coordinated conduct between firms, achieved through direct or indirect contact, that replaces their independent action, but which does not amount to an agreement;
Market power means the power of a firm to control prices, to exclude competition or to behave to an appreciable extent, independently of its competitors, customers or suppliers.
Predatory practice means the practice or strategy of seeking to drive competitors out of business or to deter market entry;
An undertaking means any business activity intended to be carried on, or carried on, for gain or reward by a person, a partnership or a trust in the production, supply or distribution of goods or the provision of any service.