Riddoch Trading Pty Ltd, trading as the Union Dairy Company (UDC), has paid a penalty of $10,500 after the ACCC issued it with an infringement notice for allegedly failing to comply with its publishing obligations under the Dairy Code.
The Code requires dairy processors to publish standard form milk supply agreements on their website by 2.00pm on 1 June each year.
The ACCC has received an award from the International Competition Network and World Bank Group for its work to improve competition in the Australian dairy industry, which involved an inquiry into competition in the sector, and subsequent recommendation of a mandatory code. The dairy inquiry was completed in April 2018.
The annual contest recognises the role that competition agencies and government departments play in promoting competition and its benefits through activities other than enforcement action.
A final report is due to the Treasurer by 30 November 2020.
The ACCC invites submissions regarding bargaining power in supply chains for perishable agricultural products in Australia.
The direction and terms of reference are available at: Competition and Consumer (Price Inquiry—Perishable Agricultural Goods) Direction 2020.
The ACCC welcomes your views and ideas on:
The ACCC will today commence a new three-month inquiry into bargaining power in supply chains for perishable agricultural products in Australia.
The inquiry, initiated by the Treasurer Josh Frydenberg and the Agriculture Minister David Littleproud, will take a broad look at trading practices throughout supply chains, including the relationships between farmers, processors and retailers.
The ACCC will not oppose Elanco’s acquisition of Bayer AG’s animal health business, after Elanco provided a court-enforceable undertaking to divest four animal parasite treatment brands.
The ACCC had concerns about the effect of the acquisition in the markets for sheep lice treatments, and worming treatments for cats and dogs.
Elanco will divest Avenge+ Fly, a sheep lice treatment, as well as Drontal, Profender and Droncit which treat gastro intestinal worms in cats and dogs. The future buyer or buyers of these brands will need to be approved by the ACCC.