The ACCC has come up short in its appeal of a ruling that dismissed its challenge to Pacific National $205 million acquisition of Aurizon’s Acacia Ridge Terminal in Queensland, with the Full Federal Court also releasing Pacific National from an undertaking given to the court.
The High Court has quashed a search warrant obtained by the Australian Federal Police and used to raid a News Corp journalistās home, but did not go so far as to order the return or destruction of documents obtained in the raid.
Pacific National has defended a decision by a judge to accept an undertaking and rule against the ACCC in its competition case over the rail operator’s acquisition of a major freight terminal in Queensland, saying the ruling was structured with “commendable judicial economy”.
The judge who dismissed the ACCC’s challenge to Pacific National’s acquisition of Aurizon’s Acacia Ridge Terminal in Queensland had no power to accept an undertaking by the rail operator as an answer to the competition regulator’s case, an appeals court has been told.
The Australian Competition and Consumer Commission has successfully escaped a lawsuit by a Chinese vitamin company Nature’s Care after arguing it had been wrongly “dragged” into the case.