ABB will be lodging a revised undertaking taking ACCC’s requirements into account, following release of the ACCC's interim report on Thursday indicating current grain port access proposals are not good enough.
The Australian Competition and Consumer Commission (ACCC) interim report, which asks for feedback, evaluates the degree of access of third parties to grain port handling facilities, as required by the Wheat Export Marketing Act - and found current proposals from the major grains companies to be inadequate.
An ABB statement on Friday says points raised by the ACCC relate to the ports access undertaking for wheat exports submitted by ABB in April 2009 and do not relate to other aspects of ABB’s business.
Chairman of ABB Grain, Perry Gunner, says: “ABB remains committed to working with the ACCC to implement an access regime that provides the industry the necessary level of comfort about our open access approach.
“We are, and have been since the original submission, actively engaged in addressing the points raised by the ACCC and we are providing additional information, where required.
“We are committed to maximising the use of our facilities and developing a solution that supports the whole industry in this new era of wheat liberalisation.”
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