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On 22 August 2019, the ACCC announced it had accepted an undertaking (the Undertaking) given by Nutrien Ltd and its subsidiary Agrium SP Holdings Pty Limited pursuant to s 87B of the Competition and Consumer Act 2010 (Cth) in connection with Nurtrien's proposal to acquire (through it's Australian business Landmark) all issued shares of Ruralco Holdings Limited (the Proposed Acquisition).
The Australian Competition and Consumer Commission (ACCC) has accepted a court enforceable undertaking from Saipol Technologies Pty Ltd (ACN 159 655 651) (Saipol) in relation to claims it has made about its ‘C grade’ replacement water filter cartridges. The ACCC considers that the claims were likely to be false, misleading or deceptive in contravention of sections 18 and 29(1)(a) of the Australian Consumer Law (ACL). Saipol carries on a business in Australia as an importer, seller and specialist manufacturer of replacement water filtration products, including water filter cartridges. It mainly markets to other businesses including hospitals and universities.
Mitolo Group Pty Ltd (Mitolo) and Maranello Trading Pty Ltd (Maranello) have undertaken that they will not, for a period of 3 years from the commencement of the undertaking, enter into, or offer to enter into, any standard form contract where the contract does not expressly specify a price for the supply under the contract which exceeds $300,000, or where the contract has a duration of more that 12 months, $1 million, with a grower of commercial ware potatoes for the supply of commercial ware potatoes on terms which are less favourable overall than those set out in the template agreement at Annexure “A” to the undertaking.