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This document sets out the National Australia Bank - Australian Group's commitment to ensuring that its customers benefit fully from reductions in indirect taxes and are not exposed to greater than necessary price rises as a result of the New Tax System.
Imperial Tobacco Australia (ITA) is committed to complying with the Government's prices oversight regime introduced to minimise the overall impact of the New Tax System on the level of prices.
Australia Post is committed to implementing all aspects of the new tax system fairly, openly and rigorously. This document formally records their commitment to complying with Section VB of Trade Practices Act 1974.
Telstra intends to fully comply with the price exploitation provisions of the Trade Practices Act (Part VB).
The Public Compliance Commitment is provided by the Director of Public Transport on behalf of the Victorian Government in its role in setting public transport fares in Victoria. The Director of Public Transport is an officer of the Department of Infrastructure.
The Broken Hill Proprietary Company Limited is addressing the changes resulting from the implementation of the New Tax System. Consistent with this, BHP has prepared a Public Compliance Commitment in accordance with the ACCC's Price Exploitation Guidelines.
The purpose of this Commitment is to record the commitment of Qantas to furthering the principles of the Trade Practices Act 1974 and the Guidelines with respect to The New Tax System (TNTS), and to provide greater certainty as to the basis on which the Commission (the ACCC) may review the actions of Qantas.