COMPETITION - contracts, arrangements or understandings containing cartel provisions - where two major Australian banks attempted to make arrangements involving the manipulation of a financial benchmark and thereby the fixing of the price of foreign exchange forward contracts - where the banks admitted that they attempted to contravene s 44ZZRJ of the Competition and Consumer Act 2010 (Cth) - pecuniary penalties under s 76 of the Competition and Consumer Act 2010 (Cth) - relevant principles - where the Australian Competition and Consumer Commission and the banks proposed agreed pecuniary penalties - relevant principles in determining whether agreed penalties should be accepted - Commonwealth v Director, Fair Work Building Industry Inspectorate [2015] HCA 46 applied
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