Oil and gas services company Qteq and its chairman collectively fined $6 million for attempted cartel conduct

civil penalty26 Mar 2026Penalty $5.00M

Respondent

Qteq Pty Ltd

Facts

Today the Federal Court has fined Qteq Pty Ltd and its executive chairman, Simon Ashton, $5 million and $1 million respectively for attempted cartel conduct, in a case brought by the ACCC.

Outcome

ACCC civil penalty of $5,000,000 — Qteq Pty Ltd (2026-03-26); its executive chairman was separately fined $1,000,000. See the ACCC source for the full terms.

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Read the source

https://www.accc.gov.au/media-release/oil-and-gas-services-company-qteq-and-its-chairman-collectively-fined-6-million-for-attempted-cartel-conduct

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