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Gemtime Nominees Pty Ltd (Gemtime) is registered in Western Australia and is a retailer of consumer products. In October 2008, as part of marketplace monitoring, ACCC staff purchased a packet of elastic luggage straps (“6 Pce Stretch Cord 12’18’24") from a retail outlet operated by Gemtime and located in Perth.
On 15 July 2009, the ACCC accepted the undertaking of Steven William Bowers, a director of Toll Holdings Ltd and/or its related bodies corporate. Under the undertaking Steven William Bowers agrees to sell down any interest he has in Asciano Limited and thereafter maintain his independence from Asciano.