-ACCC: ACCC establishes trust fund.

0 Comments | M2 Presswire, October, 1998

M2 PRESSWIRE-9 October 1998-ACCC: ACCC establishes trust fund (C)1994-98 M2 COMMUNICATIONS LTD RDATE:081098 "The ACCC today established The Stevedoring Industry Reform Small Business Compensation Fund to compensate businesses which suffered losses during the waterfront dispute," Australian Competition and Consumer Commission Chairman, Professor Allan Fels, announced today.

"On 3 September 1998, the ACCC reached a settlement in relation its litigation concerning the waterfront. The settlement provided for a damages fund of up to $7.5 million, funded by Patrick Stevedore Holdings Pty Ltd, to be available for small businesses damaged by the boycotts during the dispute. "Small businesses which do not have an alternative claim for compensation, such as...