The Australian Competition and Consumer Commission (ACCC) has commenced proceedings in the Federal Court in Sydney against Renegade Gas which trades as Supagas and Speed-E-Gas, for an anti-competitive cartel arrangement.
The ACCC said in a statement that these companies gave effect to an anti-competitive cartel arrangement by not supplying liquid petroleum gas (LPG) cylinders for forklifts to each others' customers.
These charges may result in forklift customers of both companies, unable to obtain a competitive price from other suppliers, forcing them to pay a higher price than usual.
ACCC has alleged both the companies for contravention of the Competition and Consumer Act in the Sydney basin between 2006 and 2011.
The ACCC is seeking declarations, injunctions, pecuniary penalties and costs against Renegade Gas and Speed-E-Gas along with an implementation of a trade practices compliance program by Renegade Gas.
Last year, the ACCC raided the premises of both companies
A directions hearing will take place in the Federal Court in Sydney on September 20.