From:                                         Adjudication

Sent:                                           Friday, 26 May 2017 12:56 PM

To:                                               'glenn.watts@citi.com'

Cc:                                               'corinna.marcelle.moses@citi.com'

Subject:                                     Third line forcing notification N99682 lodged by Citigroup Pty Limited [DLM=For-Official-Use-Only]

 

Security Classification:       For Official Use Only

 

Dear Mr Watts

I refer to the third line forcing notification lodged with the Australian Competition and Consumer Commission (the ACCC) by Citigroup Pty Limited on 19 May 2017.  It has been allocated the registration number N99682.  The notification and this email will be placed on the ACCC’s public register which is available on the ACCC’s website.

The protection from legal action provided by the notification commences automatically 14 days after the lodgement date, unless the ACCC objects.

On the basis of the information that you have provided, and that the parties will disclose all relevant terms and conditions to customers, the ACCC does not object to the notification at this time.

If at any time circumstances change, or the ACCC receives further information, such that it is satisfied that the public benefits from the third line forcing conduct do not outweigh the public detriments, the ACCC may remove the protection provided by the notification.

 

Please contact Kaitlin Hanrahan on (03) 9290 1917 or by email to adjudication@accc.gov.au if you have any questions about this matter.

 

Regards

 

Mr David Jones
General Manager | Adjudication Branch
Australian Competition & Consumer Commission
23 Marcus Clarke Street Canberra 2601 |
http://www.accc.gov.au