ACCC clips former wool broker: Port Adelaide Wool Company
The Australian Competition and Consumer Commission has sent a strong warning to wool brokers and private merchants today that misleading and deceptive conduct will not be tolerated after it successfully obtained injunctions against former wool broker and private merchant, Port Adelaide Wool Company Pty Ltd*, and its Managing Director, Mr John Sinclair, plus costs of $100,000.It was further agreed that Port Adelaide Wool Company and Mr Sinclair would pay compensation of $35,000 to wool export company Bloch & Behrens Pty Ltd.In separate negotiations substantial compensation was agreed to be paid to wool export company Unilan (Australia) Pty Ltd.In the Federal Court today, Port Adelaide Wool Company admitted that it supplied wool to Unilan Australia and Bloch & Behrens which had different characteristics or specifications from those set out in Australian Wool Testing Authority certificates it had obtained and forwarded to those companies.