The public compliance commitment reflects the Commonwealth Bank Group's ("the Commonwealth") strong culture of compliance and its intention to be open and direct with its customers and the ACCC in relation to the effects of the New Tax System.
Burns Philp & Company Limited, and its subsidiaries from time to time (BPC), are committed to complying with the Trade Practices Act 1974, and to complying with the price exploitation guidelines issued by the Australian Competition and consumer Commission (ACCC) under s.75AV.
Berri Limited ('Berri') is committed to ensuring that purchasers of its products:
benefit fully from the lowering and ultimate removal of certain indirect taxes as part of the New Tax System; and
are not exposed to greater than necessary price rises resulting from the implementation of the Goods and Services Tax.
David Jones is committed to complying with the Trade Practices Act 1974, including new legislation enacted by the Commonwealth Government to prevent business from exploiting the tax reform process to increase profits (Part VB of the Trade Practices Act 1974 - Price Exploitation in relation to A New Tax System).