Federal Court action launched against Cabcharge by ACCC

Cabcharge - Australia's non-cash payment monopoly for taxis and hire cars - is facing long overdue action by the ACCC in the Federal Court.
The ACCC has launched the action alleging 10 breaches of the Trade Practices Act.

Cabcharge faces penalties of $10 million per contravention plus a pecuniary penalty of 10% of its annual turnover for each contravention.

Cabcharge's revenue for the last financial year was $173 million.

That's a total potential penalty of $273 million.

A spokeswoman for Cabcharge Tracey Cain said: "Cabcharge always behaves appropriately".

Consumer Watch spokesman Paul Tully says: "We'll see".

PAUL TULLY: paul@tully.org.au

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