On 13 May 2014, the Federal Court ordered by consent that NSK Australia Pty Ltd (NSK) pay total penalties of $3 million for its involvement in cartel conduct in relation to the price of bearings in Australia. 

NSK, which received a significant discount in penalty for co-operating with the ACCC during the investigation, is also restrained from engaging in similar cartel conduct for a period of 3 years and is required implement a competition and consumer law compliance training program.

As previously noted (see here), on 18 October 2013, the Court handed down a pecuniary penalty of $2 million against Koyo Australia for its involvement in the bearings cartel.