Australia ACCC: ResMed Accepts Undertaking On Retail Price Maintenance
September 27 2010 - 8:29PM
Dow Jones News
Sleep disorder device company ResMed Inc. (RMD.AU) has agreed to
revise its internal fair-trading checks following an investigation
of price-fixing by Australia's competition regulator.
The Australian Competition and Consumer Commission said Tuesday
it had investigated the company over whether it was telling
accredited retailers that it would stop supplying its products if
they sold them at less than a price specified by ResMed, a practice
known as retail price maintenance.
"The ACCC is concerned that between March and June 2009 ResMed
is likely to have engaged in retail price maintenance," the ACCC
said in a statement.
ResMed has accepted a court-enforceable undertaking to write to
its accredited retailers telling them they are free to set their
own prices, and to amend its compliance program for Australian
trade practices law, the ACCC said.
ResMed did not immediately respond to a call for comment.
-By David Fickling, Dow Jones Newswires; +61 2 8272 4689;
david.fickling@dowjones.com
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