647 results, showing 241 to 260
On 15 August 2007, the ACCC decided not to intervene in Healthscope Limited’s (Healthscope’s) proposed acquisition of Symbion Health Limited (Symbion) after accepting an undertaking from Healthscope to divest a number of pathology businesses in the north-eastern and Gippsland regions of Victoria.
The ACCC decided that the proposed acquisition, after taking account of the undertaking, is unlikely to substantially lessen competition in the market for the provision of community pathology services in Victoria, for the purposes of section 50 of the Trade Practices Act 1974.
Healthscope undertook to:
divest the Gippsland pathology business, Benalla pathology business and Albury pathology business operated by Symbion and the Wangaratta pathology business operated by Healthscope (together the divestiture business) to a purchaser approved by the ACCC within a specified timeframe;
appoint a divestiture agent to sell the divestiture business if Healthscope is unable to sell the divestiture business within the specified timeframe;
ensure that the management of Healthscope is kept separate from the management of the divestiture business until the divestiture business is divested; and
appoint an independent manager to manage the divestiture business as a separate, fully operational and competitive going concern until it is divested.
On 8 August 2007 Babcock & Brown Power Limited, Babcock & Brown Power Services Limited in its capacity as trustee of the Babcock & Brown Power Trust, Babcock & Brown Infrastructure Limited and Babcock & Brown Investor Services Limited as trustee for the Babcock & Brown Infrastructure Trust offered undertakings to the ACCC in connection with the parties' proposed acquisition of Alinta Limited.
Under the proposed acquisition Alinta’s gas and electricity assets, a 35% interest in the Australian Pipeline Trust, and shares in Australian Pipeline Limited, will be allocated between Singapore Power and Babcock and Brown funds.
The undertakings require the Babcock and Brown Infrastructure Fund to ensure that information relating to the operation of the Dampier to Bunbury Natural Gas Pipeline in Western Australia is not disclosed to other Babcock and Brown entities including the Babcock and Brown Power Fund.
The Babcock and Brown Power Fund operates energy businesses that obtain gas supply from the Dampier to Bunbury Pipeline and which compete against other businesses who also rely upon the pipeline for their supplies of gas.
A Public Competition Assessment is available in the Mergers section of the ACCC's website.
On 29 March 2011 Alinta Energy (previously Babcock & Brown Power Limited and now Redbank Energy Limited) completed a corporate restructure and Redbank ceased to hold any interest in a Downstream Business (as defined in the Undertaking).
On 8 August 2007 Singapore Power International Pte Ltd, Babcock & Brown Infrastructure Limited and Babcock & Brown Investor Services Limited as trustee for the Babcock & Brown Infrastructure Trust offered undertakings to the ACCC in connection with the parties' proposed acquisition of Alinta Limited.
Under the proposed acquisition Alinta’s gas and electricity assets, a 35% interest in the Australian Pipeline Trust, and shares in Australian Pipeline Limited, will be allocated between Singapore Power and Babcock and Brown funds.
The undertakings ensure that Alinta’s 35% interest in APT, which owns the Moomba to Sydney Pipeline and the Parmelia Pipeline, as well as the operating and maintenance contracts for the Moomba to Sydney and Parmelia pipelines, and the APL shares, are divested.
The APT units, and the operating and maintenance contracts will be ring-fenced from the consortium parties’ respective businesses until they are divested.
A Public Competition Assessment is available in the Mergers section of the ACCC's website.
On 2 October 2013 the Undertaking given by Singapore Power International and Babcock and Brown Infrastructure Limited terminated in accordance with its terms.
Uniden Australia Pty Ltd has offered Court enforceable Undertakings to the ACCC requiring it to cease representations that its Atlantis 250 VHF marine handheld two-way radio is waterproof given the standard Uniden used to support its claim only referred to the classification of 'splash-proof'.
Uniden has also undertaken to do the following:
replace all marine radio packaging containing the term 'waterproof' with revised packaging containing the term 'splash-proof';
write to all Uniden retailers / wholesalers and service agents advising of the ACCC's concerns, the packaging changes and the additional rights available to consumers who have the option of obtaining a full refund, replacement or repair;
extend its warranty protection to cover for water damage in relation to marine radios represented as being 'waterproof';
publish a public disclosure notice on the Uniden website; and
establish a trade practices compliance program.