This document records the Australia and New Zealand Banking Group's ("the ANZ") commitment to implementing the New Tax System changes in accordance with Part VB of the Trade Practices Act 1974 and the ACCC's Price Exploitation Guidelines.
Cable & Wireless Optus ("CWO") is committed to ongoing processes of efficiency and innovations to reduce costs and ensure savings are passed on to our customers. This document is an extension of that commitment.
The Undertaking was varied - Annexure 'B' was replaced with Annexure 'A2', Annexure 'C' was replaced with Annexure 'A3', and the date in paragraph 2.4 of the undertaking was amended.Background: The ACCC investigated National Mutual Health Pty Ltd trading as HBA, in relation to television advertising.
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.