Business need to be aware of recent developments in trade practices law as failure to implement adequate compliance programs exposes companies, directors, employees and others involved in the contravention to significant penalties of up to $10 million for a company and $500,000 for individuals. In this update Stephens Lawyers & Consultants provides an overview of recent trade practices decisions and provides summaries on amendments to the following areas: third line forcing; joint ventures; collective bargaining arrangement for small businesses; and new procedure for company mergers clearances and authorisations [read more].