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The Australian Competition and Consumer Commission (ACCC) has accepted a section 87B court-enforceable undertaking from LivingSocial Pty Ltd (ACN 141 684 684) (LivingSocial).
LivingSocial is an online group buying site which commenced operation in Australia in 2010.
On 18 December 2014, the ACCC announced it had accepted an undertaking (Elgas Undertaking) given by Elgas Ltd in relation to its proposed acquisition of Wesfarmers Kleenheat Gas Pty Ltd’s (Kleenheat’s) Australian east-coast liquefied petroleum gas (LPG) assets (the Proposed Acquisition).