ACCC action re cancelled Qantas flights

That could have racked up quite quickly, easily eclipsing $120M
Well, you can make the sky the limit, but remember the ACCC can only ask for a fine, they can litigate it before the Court but the ACCC has no power to impose the fine. In the end it has to be signed off by the Federal Court. The Court is not going to allow a fine which puts the company at risk of bankruptcy as it would be manifestly excessive. Its a pecuniary penalty in a civil matter - a fine, not a measure to damage the airline
 
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