From:                                         Adjudication

Sent:                                           Friday, 18 December 2015 10:15 AM

To:                                               'kwalker@lynchmeyer.com.au'

Subject:                                     Notification N98743 lodged by Lend Lease Communities (Blakeview) Pty Ltd [DLM=For-Official-Use-Only]

 

Security Classification:       For Official Use Only

 

Dear Ms Walker

I refer to the exclusive dealing notification lodged with the Australian Competition and Consumer Commission (the ACCC) by Lend Lease Communities (Blakeview) Pty Ltd (LLC) on 10 December 2015. It has been allocated the registration number N98743.

Under the notified arrangements, LLC proposes to enter into a put and call option deed for 57 allotments in in 'Blakes Crossing' with Rivergum Homes Pty Ltd (Rivergum Homes). LLC proposes to grant Rivergum Homes an option to purchase 57 allotments in the development on condition that all house and land packages offered by Rivergum Homes will be eligible to be part of the South Australian Government’s Affordable Housing Scheme.

Legal protection conferred by the notification commenced on 10 December 2015.

On the basis of the information that you have provided it is not intended that further action be taken in this matter at this stage.

As with any notification, the ACCC may act to remove the legal protection provided by the notification at a later stage if it is satisfied that the conduct is likely to substantially lessen competition and that the benefit to the public from the conduct will not outweigh the likely detriment. This assessment has been made on the basis that LLC and Rivergum Homes will disclose all relevant terms and conditions to prospective customers.

The notification and this email will be placed on the ACCC’s public register which is available on the ACCC’s website.

Please contact Elizabeth Batten on (02) 6243 1359 or by email to adjudication@accc.gov.au if you have any questions about this matter.

 

Regards

 

Baethan Mullen
General Manager | Adjudication
Australian Competition & Consumer Commission
23 Marcus Clarke Street Canberra 2601 | http://www.accc.gov.au