On 1 August 2011, Competition Act (No. 12 of 2010) entered into force. The Act prohibits agreements between undertakings, decisions by associations of undertakings, or concerted practices that prevent, distort, or lessen competition. This includes practices such as fixing purchase or selling prices, dividing markets, collusive tendering, and resale price maintenance. The Authority may investigate and penalise such agreements, with exemptions available under specific conditions that demonstrate public benefit or economic efficiency.
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