The end of June wave of legislative changes rolls on.
Today, an amendment to the Competition Act comes into force that may have significant implications for employers and employees.
Basically, wage-fixing and ‘no compete’ deals between employers will now be on the same criminal level as price-fixing rather than only being under the civil law provisions of the act.
It will be interesting to see how this plays out, but it does send a strong signal.
I don’t see prison time actually being handed out much for this. Any big corporation that does this will also have insulated themselves from liability. Best case scenario, they nominate some fall guy and the execs get off scot-free.