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On 23 January 2008, the ACCC accepted the undertaking of Mr Chua Eng Boon, a director of Toll Holdings Ltd and/or its related bodies corporate.
Under the undertaking Mr Chua Eng Boon agrees to sell down any interest he has in Asciano Limited and thereafter maintain his independence from Asciano.
On 23 January 2008, the ACCC accepted the undertaking of Mr Barry Cusack, a director of Toll Holdings Ltd and/or its related bodies corporate.
Under the undertaking Mr Barry Cusack agrees to sell down any interest he has in Asciano Limited and thereafter maintain his independence from Asciano.
The Korean Inbound Tour Operators Council of Australia (KITOCA) has given an 87B Undertaking to the ACCC after the ACCC became concerned that KITOCA and its members may have agreed that its members would not provide tour services to Korean travel agents and wholesalers, whom KITOCA considered advertised packaged tours below certain minimum retail rates; and sought to arrange for certain duty free stores and Korean restaurants in Australia to not allow entry to tourists on tours conducted by those operators.
KITOCA has provided court enforceable undertakings to the ACCC that it will not seek or procure its members to enter into anticompetitive arrangements for the reason that Korean travel agents have offered for sale packaged tours below a retail price.