Last month Judge Cathcart imposed a $1.885 million fine on Steel & Tube in the Auckland District Court after the company pleaded guilty to 24 charges under the Fair Trading Act. The Commission is appealing on the bases that the Judge erred when sentencing the company, by:
failing to properly attribute the knowledge of a Steel & Tube manager to the company; and
by not adequately taking into account the size of Steel & Tube and the potential for it to gain from the conduct.
As this matter is before the Courts, the Commission has no further comment at this time.