This online training course on competition law looks at how businesses and employees can prevent anti-competitive activity and ensure compliance with competition laws.
The course is designed to raise awareness on various types of anti-competitive behaviour, the ways in which competition law applies and how to report any anti-competitive activity.
By raising awareness, learners will understand the importance of fair competition, the advantages of competition in the market to offer better products and services to customers and the consequences of breaching competition laws.
To complete the course, learners take a challenge designed to help them recognise anti-competitive activity and making the right decisions. Learners will be taken through five scenarios and they must answer what they would do in these situations. Learners must answer four out of five questions correctly to pass the courses. Learners may also revisit the course to retake the assessment.
| Number of Learners | Cost (per year) | |
|---|---|---|
| 1 - 10 | ||
| 11 - 20 | ||
| 21 - 50 | ||
| 51 - 100 | ||
| 101 - 150 | ||
| 150+ | ||
| Number of Learners | Cost (per year) | |
|---|---|---|
| 50 - 100 | ||
| 101 - 200 | ||
| 201 - 300 | ||
| 301 - 400 | ||
| 401 - 500 | ||
| 501 - 750 | ||
| 751 - 1000 | ||
| 1001 - 2500 | ||
| 2501 - 5000 | ||
| 5000 - 10,000 | ||
| 10,000 + | ||
Included Features
A competitive market is good for business, customers and consumers. It offers customers choice and businesses the opportunity to raise the standards for their products and services against competitors. Competition laws are designed to prevent anti-competitive activity and prevent businesses from treating customers unfairly and discourages unfair competition. Both businesses and employees can be found liable for anti-competitive activity and risk facing fines, reputational damage and legal action. Awareness training is vital for preventing anti-competitive behaviour and ensuring compliance with competition laws.
Competition laws, also referred to as anti-trust laws, are a set of rules to stop competition from being prevented, restricted or distorted. The laws outline what activity or behaviour is acceptable and what isn’t. Unacceptable behaviour is anything that can give a business an unfair advantage and often leads to treating customers unfairly.
The main goals of anti-trust and competition laws are that they encourage fair competition, resulting in lower prices, better products, and more choice for customers. It is illegal for business to limit competition in ways that hurts customers, and single businesses and organisations can’t monopolise an industry through unfair practices.
Some examples of anti-competitive behaviour include restrictive agreements, forming cartels and dominant market position. A restrictive agreement is any agreement that may prevent, restrict or distort competitive trading. While forming a cartel between two or more businesses refers to agreeing to divide markets or restrict trade that prevents competition. A dominant market position is when a business is in a significantly stronger financial position than its competitors or has a monopoly on specific intellectual property.
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