Undertaking date

Undertaking type

s.87B undertaking

Reference number

D07/35435

Section

s. 50

Company or individual details

  • Name

    Peter George (this entry is an individual, not a company)

Undertaking

On 18 April 2007 the ACCC accepted the undertaking of Mr Peter George, a director of Asciano Limited and/or its related bodies corporate.

Under the undertaking Mr Peter George agrees to remain an 'Independent Asciano Person'. A person is not an Independent Asciano Person if, amongst other things, he or she, or his or her relative, has an interest in Toll Holdings Limited (including shares), is employed by Toll, or has, in the past five years, been a director of or advisor to Toll.

The undertaking is associated with the fifth variation, accepted by the ACCC on 18 April 2007, to the undertaking given by Toll to the ACCC on 11 March 2006. The fifth variation relates to Toll's planned restructure of its group businesses by way of scheme of arrangement to create a new listed entity and trust.

The ACCC's decision to consent to the fifth variation is given effect through the following documents:

  • a variation to Toll's undertakings
  • a new undertaking from Asciano, and
  • new undertakings from the directors of Toll and Asciano.

A copy of those documents can be viewed on the ACCC's website.