The Australian Competition and Consumer Commission has issued a draft determination proposing to grant authorisation for Queensland Sugar Ltd, Bundaberg Sugar Ltd, Mackay Sugar Ltd and Isis Central Sugar Mill Co. Ltd to collectively negotiate with Sugar Terminals Ltd for the provision of storage and handling services at the six bulk sugar terminals in Queensland. The ACCC proposes to grant authorisation for a period of five years.
The ACCC has also granted interim authorisation for QSL, Bundaberg Sugar, Mackay Sugar and Isis Central Sugar Mill to collectively negotiate and execute agreements with Sugar Terminals Ltd, subject to the agreements containing a provision that such that they will not come into effect unless and until the ACCC grants final authorisation.
The ACCC may review the interim authorisation at any time. The ACCC’s decision to grant interim authorisation should not be taken to be indicative of whether or not final authorisation will be granted.
Further information about the application for authorisation is available on the authorisation public register.