Swift Networks has been slapped with a $1.2 million fine by the Federal Court for its involvement in bid rigging related to mining communications contracts in Western Australia.
The case, initiated in February, saw the Australian Competition and Consumer Commission (ACCC) accuse Swift Networks of having an agreement with DXC Connect and DXC Technology Australia.
In a judgment issued on September 7, the court sided with the ACCC, determining that Swift Networks had indeed entered into arrangements where it agreed to submit bids at higher prices than those from the DXC companies. These agreements occurred during the tender processes for several mining villages, including Rio Tinto’s Western Turner project, West Angelas, and Yandicoogina operations, as well as Fortescue Metals’ Iron Bridge project, all located in Western Australia.
Swift Networks openly admitted to the court that it had engaged in cartel conduct. In addition to the substantial fine, Swift is required to implement a compliance program lasting three years and cover the ACCC’s $50,000 legal costs.