ACCC introducing new collective bargaining exemption for fuel retailers.

accc

ACCC introducing new collective bargaining exemption for fuel retailers.

4 years ago
The Australian Competition and Consumer Commission is introducing a new collective bargaining class exemption. The new exemption, due to become available from later this month, will allow small businesses, franchisees and fuel retailers to collectively negotiate with their suppliers and processors, franchisor or fuel wholesaler respectively, without first having to seek approval using the ACCC’s existing authorisation or notification processes. Collective bargaining can produce potential cost and time savings for both sides of negotiations and […]
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Viva Energy enters strategic partnership with HYZON Motors

4 years ago
Fuel and energy services supplier, Viva Energy, has entered a strategic alliance with HYZON Motors. HYZON, established as a new business of Horizon Fuel Cell Technologies, leverages Horizon’s almost two decades of experience in hydrogen fuel cell development including the supply of around 500 hydrogen fuel cell systems powering zero-emission trucks and buses to customers globally. HYZON’s next-generation Gen-3 automotive fuel cell technology has been confirmed as the highest power density fuel cell stack in […]
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Aussie inflation rates petrol prices plummet & Tobacco soar!

4 years ago
Higher tobacco taxes and the reintroduction of childcare fees saw consumer prices rise by 0.9 per cent in the December quarter. Tobacco prices jumped 10.9 per cent and childcare prices 37.7 per cent after the federal government ended its free childcare policy and increased the tobacco excise tax. Domestic travellers were also stung by a 6.3 per cent rise in holiday travel prices as state and territory borders briefly reopened, while consumers copped a 2.5 […]
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ampol

Ampol successfully completes $300m share Buy-Back

4 years ago
Ampol announced the successful completion of its $300m off-market share buy-back. It has requested a Class Ruling from the Australian Taxation Office (ATO) in relation to the tax implications of the Buy-Back. This ruling is expected to confirm that $24.33 of the Buy-Back Price will be treated as a fully franked dividend and that for Australian capital gains tax purposes, the deemed capital proceeds will be $5.31, being the $2.01 Capital Component plus $3.30 (representing […]
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Police investigate armed robbery at Bundall service station

4 years ago
Police have charged two 18-year-old women following an alleged armed robbery at a service station in Bundall last night. Around 8.35pm the pair entered the Ashmore Road store and attempted to buy a number of items. They left the store before one returned a short time later while the other woman waited outside. It will be alleged the woman approached the counter and produced a knife before stealing a small quantity of goods and leaving. […]
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