29 results, showing 1 to 20
On 29 September 2010, the Australian Competition and Consumer Commission (ACCC) accepted an undertaking (the Undertaking) from Skandinavisk Holding A/S and Swedish Match A/B in relation to Scandinavian Tobacco Group A/S's proposed acquisition of Swedish Match A/B (the Proposed Acquisition).
The ACCC considered that in the absence of the Undertaking, the Proposed Acquisition would have had the effect or have been likely to have the effect of substantially lessening competition in relation to the market for the wholesale supply of cigars in Australia.
The aim of the Undertaking is to address these competition concerns by:
the creation of a viable, effective, stand-alone independent and long term competitor for the retail supply of those products that form part of the divestiture business;
ensuring that the approved purchaser of the divestiture business by the ACCC (Approved Purchaser) has the necessary assets, rights and obligations to compete effectively with the Parties in the wholesale supply of cigars; and
ensuring the Approved Purchaser has the ability to manufacture and supply the products that form part of the divestiture business independently of the Parties and ensuring that any interim supply, toll manufacturing or technical assistance arrangements with the purchaser will be at arm's length and on terms no less favourable than normal commercial terms.On 9 May 2012 the ACCC consented to the withdrawal of the s87B Undertaking on the basis that the sale of the divestiture business had been completed and any obligations to procure the transfer, grant, or provision of licences, permits, approvals, third party consents and transitional services necessary for the operation of the divestiture business had been fulfilled.
ResMed Asia Pacific Limited (ResMed) has acknowledged that its conduct in:
making it known to accredited partners that it would not supply them unless they agreed not to advertise ResMed products at a price less than the recommended retail price specified by ResMed;
attempting to induce accredited partners not to advertise ResMed products at a price less than the recommended retail price specified;
entering or offering to enter into an agreement with accredited partners which contained a term that the reseller would not advertise ResMed products at a price less than that specified by ResMed;
use, in relation to ResMed products supplied by ResMed to each accredited partner, a statement of price that was likely to be understood by the accredited partner as a statement of ResMed's recommended retail price below which the ResMed products were not to be advertised;
was likely to contravene section 48 of the Trade Practices Act 1974 (the TPA).
ResMed has provided the ACCC with an undertaking under section 87B of the TPA to resolve the concerns. ResMed have undertaken to cease the conduct, write to accredited partners to alert them to the undertaking and to review and amend its existing TPA compliance program.
In 2007 and 2009, LG applied for Energy Label registration for various refrigerator models. LG Australia subsequently marketed these Models with reference to a Projected Annual Energy Consumption (PAEC) of 738kWh/year.
Murrumbidgee Irrigation Limited has provided an undertaking to the ACCC acknowledging that its conduct breached rule 5(1) of the Water Charge (Termination Fees) Rules 2009 because it imposed termination fees that exceeded the maximum amount authorised under the Rules.
Between July 2009 and July 2010, Big City Promotions published one page advertisements promoting holiday accommodation and sent those advertisements by facsimile to a large number of businesses.