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.
Undertaking provided in relation to the proposed merger between BP Amoco plc and Burmah Castrol plc. Burmah Fuels Australia Limited is a wholly-owned subsidiary of Burmah Castrol plc. Undertaking relates to the divestment by BP Amoco plc of its interest in Burmah Fuels Australia Limited retail fuel sites.
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.
This variation was accepted by the ACCC on 30/06/2000. It ensures that the Undertaking does not prevent the pass-through of GST related price increases and imposes additional obligations on Waratah to provide information to the ACCC about cost savings arising from the New Tax System, and any move to 3 man crews in Newcastle.
Dimmeys has undertaken to ensure that it and it's servants and agents will ensure any in-store representations are unlikely to mislead consumers as to their statutory rights under the Trade Practices Act 1974.
Mr Matthew Old, a contracted representative of 'Accounting for GST', has also given undertakings not to make misleading representations in the future and to participate in a compliance program. (See also the 'Tony Amodio' entry in this list).
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.