Independent Consumer & Competition Commission
  Home | About Us  |  Contact Us |  Publications |  News Centre | Forms Consumer Complaint Toll Free  180 3333  
Corporate Plan
Commissioners & Management
Public Register
Consumer Protection
The Legislation
Competitive Market & Fair Trade
Regulatory Contracts
Price Monitoring & Industry Regulation
Competitive Market & Fair Trade - Clearances
2008
New Britain Palm Oil Limited (NBPOL)
Applicant NBPOL
Date of Lodgement June 17, 2008
File Number C2008/09
Industry Classification (PNGSIC)

(0143) Cultivation of Oil palm and;

(0151) Cattle Rising for Beef and Dairy products
Summary of Application

New Britain Palm Oil Limited (NBPOL) made a clearance application to the Commission for the proposed acquisition of all shares in RAI that it does not own.  

It submitted that the share acquisition will not have or would not be likely to have the effect of substantially lessening competition in the market, as there will be either no effect or negligible effect on competition arising from the acquisition in the market.

Document(s)
Outcome

The Commission granted clearance as it is satisfied that the acquisition would not result in a ‘substantial lessening of competition’ in the relevant markets discussed in the determination.

Determination Date July 14, 2008

 

Motor Vehicle Insurance Limited (MVIL)
Applicant MVIL
Date of Lodgement December 6 , 2007
File Number C2007/08
Industry Classification (PNGSIC) (6603) Non-Life Insurance
Summary of Application MVIL in a joint venture with Allianz holds 50 percent shares in PMMI. Since Allianz is desirous in selling its shareholding, MVIL has exercised its pre-emptive rights under the Constitution of PMMI to acquire that shareholding. Accordingly, MVIL applied to the Commission for clearance to proceed with the proposed shareholding acquisition.
Document(s)
Outcome The Commission granted clearance as it is satisfied that the acquisition would not result in a ‘substantial lessening of competition’ in the relevant market.
Determination Date March 20,2008

2006
Shell (PNG) Limited
Applicant Shell (PNG) Limited
Date of Lodgement December 9 , 2005
File Number C2005/07
Industry Classification (PNGSIC) (2320) Manufacturer of refined petroleum Products.
Summary of Application Shell has made an application to purchase Mobil's 50% interest in the JUHI at Jacksons Airport. Mobil has expressed its desire to sell its stake in the JUHI to Shell.
Document(s)
Outcome Granted Clearance with conditions. For more details about conditions, go to the undertakings under the Public Register.
Determination Date January 13 , 2006

 

2005
Hevilift Limited
Applicant Hevilift Limited
Date of Lodgement April 20, 2005
File Number C/2005/06
Industry Classification (PNGSIC) Scheduled/Non-scheduled air transport
Summary of Application Hevilift (PNG) Limited entered into a joint venture agreement with Regional Air Limited to establish a new JV Company, Hevilift Limited; which, subject to clearance by the Commission, will own and operate the respective aviation businesses of the parties to the joint venture.
Document(s)
Outcome ICCC granted Clearance to Hevilift Limited
Determination Date May 9, 2005

 

2004
S.P.I. Distribution Limited
Applicant S. P. I Distribution Limited
Date of Lodgement March 15, 2004
File Number C2004/01
Industry Classification (PNGSIC) Extraction of Crude Petroleum and Natural Gas Related Service
Summary of Application S.P.I Distribution, a subsidiary of InterOil Corporation proposed to acquire all the shares and assets of BP (PNG) Limited from its current owner, Gas Tank Nederland BV.
Document(s)
Outcome ICCC granted Clearance to S.P.I Distribution Ltd
Determination Date April 15, 2004

 

Boroko Motors Limited
Applicant Boroko Motors Limited
Date of Lodgement August 10, 2004
File Number C2004/02
Industry Classification (PNGSIC) Wholesale and Retail Trade, Sale and Repair of Motor Vehicles, Motor Cycles, Personal and Household Goods
Summary of Application Boroko Motors entered into a conditional business sale agreement with Steamships Limited pursuant to which Boroko Motors Limited proposed to acquire the assets of Steamships’ automotive division “Highway Automotive”.
Document(s)
Outcome ICCC granted Clearance to Boroko Motors Ltd
Determination Date August 30, 2004

Marsh Limited
Applicant Marsh Limited
Date of Lodgement August 10, 2004
File Number C2004/03
Industry Classification (PNGSIC) Insurance and Pension Funding, Except Compulsory Social Security
Summary of Application Marsh Limited proposed to acquire Heath Lambert (PNG) Limited
Document(s)
Outcome ICCC granted Clearance to Marsh Ltd
Determination Date September 17, 2004

 

Datec (PNG) Limited
Applicant Datec (PNG) Limited/Steamships
Date of Lodgement August 10, 2004
File Number C2004/04
Industry Classification (PNGSIC) Computer and Related Activities
Summary of Application Datec is investigating the feasibility of a merger with Daltron Electronics Ltd. The proposal is at the feasibility stage only and no documentations have been entered into except for a confidentiality agreement. The merger structure has not been finalised but it expected to involve all of the assets of Daltron in PNG.
Document(s)
Outcome ICCC declined to grant Clearance to Datec/Steamships
Determination Date October 15, 2004

 

  Links to other websites & contacts |   Disclaimer & copyright  |   Accessibility

© Independent Consumer & Competition Commission