Aqua Depot Imports - s.87B undertaking

Company or individual details

  • Aqua Depot Imports

Undertaking

Graeme Andrew Faulkner and Peifa Philip Wu, trading under the business name AquaDepot Imports, have provided a court enforceable undertaking to the ACCC following an investigation into to a breach of section 48 of the Competition & Consumer Act 2010.

Mr Faulkner and Mr Wu admit that they engaged in resale price maintenance in relation to the supply of aquarium products.

The undertaking requires Mr Faulkner and Mr Wu to:
- refrain from engaging in acts of resale price maintenance for 3 years
- send a letter to AquaDepot retailers notifying them of the undertaking and informing them that they can choose the minimum selling price of AquaDepot products
- arrange for corrective notices to be published on the AquaDepot website and the Marine Aquarium Societies of Australia website
-  undergo trade practices compliance training annually for 3 years

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