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Top celine outlet london napoli ACCC launches legal charges against Murray Goulburn THE competition watch dog has announced it is taking legal action against Murray Goulburn following an investigation into last year's dairy industry crisis but won't be pursuing claims against another milk processor Fonterra Australia.

The farm gate claw back pricing scandal sparked a multi million dollar industry support package from the Coalition government during the midst of celine outlet authentic jerk last year's federal election. A statement just released from the Australian Competition and Consumer Commission said it had now instituted proceedings in the Federal Court against Australia's largest milk processor, alleging Murray Goulburn engaged in unconscionable conduct and made false or misleading representations in contravention of the Australian Consumer Law. It said the ACCC also alleges that former managing director Gary Helou and former chief financial officer Bradley Hingle were knowingly concerned in Murray Goulburn's conduct. "The allegations relate to representations made by Murray Goulburn to its Southern Milk Region dairy farmers between June 2015 and April 2016 about the average farmgate milk price (FMP) it expected to pay them during financial year 2015/16 (FY16)," ACCC Chairman Rod Sims said. "The ACCC alleges that Murray Goulburn's conduct had an adverse impact on many farmers who, as a result of Murray Goulburn's representations regarding the farmgate milk price, had made business decisions. "The farmers relied on Murray celine bag phantom Goulburn's representations and were not expecting a substantial reduction in the farmgate milk price, particularly so close to the end of the season when it was not possible for them to practically readjust their expenditure." The ACCC alleges that from June 2015 until February 2016, Murray Goulburn misled farmers by representing that it had a reasonable basis for setting and our celine outlet are hot maintaining an opening FMP of $5.60 per kilogram of milk solids (kgms) and a forecast final FMP of $6.05/kgms, and that it considered the forecast final FMP of $6.05/kgms was the most likely outcome for FY16, when that was not in fact the case. Further, the statement said the ACCC alleges that from February 2016 until April 2016, Murray Goulburn misled farmers by representing it had celine bag tie a reasonable basis for expecting to be able to maintain its opening FMP of $5.60/kgms for the remainder of the season, and that it considered a Final FMP of $5.60/kgms was the most likely outcome for FY16, when that was not in fact the case. The ACCC alleges that, in all the circumstances, Murray Goulburn's conduct towards farmers was unconscionable. He said in these circumstances, farmers were entitled to white and black celine bag expect Murray Goulburn to have a reasonable basis for determining its pricing, and to regularly update farmers if there was any change in forecast prices. The ACCC said it was seeking orders against Murray Goulburn that included declarations, compliance program orders, corrective notices and costs. The ACCC said it had also decided not to seek a pecuniary penalty against Murray Goulburn because, as a co operative, any penalty imposed could directly impact on the affected farmers. But the competition watch dog is seeking declarations, pecuniary penalties, disqualification orders and costs against Mr Helou and Mr Hingle. Separately, after careful consideration, the ACCC said it had decided not to take any further action against Fonterra Australia in relation to the step down of its FMP, announced one week after Murray Goulburn's revised Final FMP in April 2016.

"A major consideration for the ACCC in deciding not to take action was that Fonterra was more transparent about the risks and potential for a reduction in the farmgate milk price from quite early in the season," Mr Sims said. The ACCC is continuing to conduct a broader inquiry into the competitiveness, trading practices, and transparency of the Australian dairy industry, with pricing transparency a key focus. .


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