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The Commission received a complaint in relation to an advertisement produced by Apollo that stated "Beat the GST & Get off Scot-free...Don't sit there till June 30 and wait to be taxed! Order your blinds from Apollo".
General Electric ("GE") worldwide is active in ensuring compliance to the laws and regulations of the jurisdictions in which the businesses operate. Our compliance with the price exploitation guidelines ("Guidelines") issued by the Australian Competition and Consumer Commission ("Commission") represents another platform in our broad compliance program within Australia.
In February 2000 the staff of Golden Miles Pty Ltd made oral representations regarding the price of properties after the implementation of the Goods and Services Tax (the GST). In summary Golden Miles Pty Ltd made oral representations that the price of specific apartments would increase by 10% because of the introduction of the GST.
The purpose of this statement is to record publicly the commitment of Estee Lauder to observe and comply with Part VB of The Trade Practices Act 1974 and not to engage in price exploitation in relation to the introduction of the new Goods and Services Tax introduced by A New Tax System (Goods and Services Tax) Act 1999.