Australia ACCC: ResMed Accepts Undertaking On Retail Price Maintenance

Date : 09/27/2010 @ 8:29PM
Source : Dow Jones News
Stock : Resmed Inc. (RMD)
Quote : 70.74  0.0 (0.00%) @ 4:00AM

Australia ACCC: ResMed Accepts Undertaking On Retail Price Maintenance

Resmed (ASX:RMD)
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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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