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Withdrawal of undertaking
A s87B Undertaking from the Australian Stock Exchange Limited (ASX) and the ASX Settlement and Transfer Corporation (ASTC) was accepted by the ACCC on 8 May 2000.
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The attached document varies the undertaking accepted by the ACCC on 13 April 2005.
Primarily the variation:
requires the CEO of each divestiture hospital to provide a Ramsay Manager approved by the ACCC with 'equivalent periodic reporting information' as was provided to Affinity senior management pre-acquisition;
allows the Ramsay Manager to intervene in the management of a divestiture hospital if, and only to the extent that, he believes intervention is necessary to preserve the value or effective operation of that business; and
allows Ramsay to retain North West Hospital in Brisbane
Mountain Designs Pty Ltd, trading as Mountain Designs, has provided a court enforceable undertaking to the ACCC in respect to representations concerning its outdoor down products, particularly its down sleeping bags.
Mountain Designs has represented to consumers that its down sleeping bags contain 100% goose down or 100% duck down or 100% pure down. It is widely acknowledged in the down products industry that it is highly unlikely that 100% down content could be achieved under normal commercial manufacturing processes.