On 3 June 2008, the ACCC accepted a variation to the undertakings given by Toll Holdings Limited (‘Toll’) to the ACCC on 11 March 2006 (‘the Toll undertakings’).
This variation constitutes the seventh variation to the Toll undertakings and relates to Toll’s acquisition of a controlling interest in BALtrans Holdings Limited (‘BALtrans’).
The variation:
exempts Toll from specified obligations in respect of directors of BALtrans or a BALtrans Subsidiary who are not Australian residents; and
imposes additional obligations upon Toll with regard to declarations of independence made by those directors.
The Toll undertakings and subsequent variations can be viewed on the ACCC’s website.
