Federal Court finds prima facie case against Mr Peter Foster but has no power to freeze Mr Foster's assets.

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M2 PRESSWIRE-12 March 2003-ACCC: Federal Court finds prima facie case against Mr Peter Foster but has no power to freeze Mr Foster's assets(C)1994-2003 M2 COMMUNICATIONS LTD RDATE:03122003 Justice Spender dismissed an interim application sought by the Australian Competition and Consumer Commission against Mr Peter Foster.

In the Federal Court, Brisbane, Justice Spender found "there is a prima facie case of resale price maintenance against Chaste and Foster". He found that: "I think there is a real risk that Mr Foster will do everything within his power to avoid the payment of any penalties that might be ordered to be paid by him in respect of the alleged contraventions concerning retail (sic) price maintenance and, further, he would do whatever he...