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As part of Woolworths' long established Trade Practices Compliance Program, Woolworths will use all reasonable endeavours to:
(a) comply with the Act, in particular Part VB of the Act;
(b) not engage in price exploitation in relation to ANTS;
(c) pass on to consumers any net cost benefits which result from ANTS;
(d) advertise and display prices as GST inclusive in a way that is not misleading or deceptive; and
(e) continue to ensure that Woolworths has an effective Trade Practices Compliance Program which will continue to be materially in accordance with the provisions of Australian Standard 3806 (1998).
The purpose of this statement is to record publicly the commitment of Estee Lauder to observe and comply with Part VB of The Trade Practices Act 1974 and not to engage in price exploitation in relation to the introduction of the new Goods and Services Tax introduced by A New Tax System (Goods and Services Tax) Act 1999.