Lend Lease Corporation Limited is a major participant in the real estate investment management, property development, project management and construction industries.
Conscious of its position as a responsible corporate citizen, Lend Lease wishes to give this Public Compliance Commitment and record its commitment to:
- comply with Part VB of the Trade Practices Act 1974 (the "Act");
- not engage in price exploitation in relation to the New Tax System ("TNTS");
- comply with the pricing Guidelines issued by the Australian Competition and Consumer Commission ("ACCC") as relevant to its businesses;
- pass on to tenants, unit-holders, property purchasers and clients any net cost benefits realised as a result of TNTS changes;
- not engage in misleading or deceptive conduct in relation to its pricing in the GST environment; and
- ensure there is an effective pricing compliance program in place.