Pastoral Houses failed attempt to seek authorisation for better credit checks on livestock buyers!

In July 1989, the Commonwealth Trade Practices Tribunal makes a ruling against the major Pastoral Houses, including Elders, Dalgety and Primac, in their application to have a facility to provide credit information and better control over livestock buyers. The idea was to reduce the risk of default by processors and increasing the value of del credere guarantees to producers. The tribunal saw it differently, ending a four year legal battle between the Pastoral Houses and the processors.

The attached article, contributed by Sheree Leggerini, in the Licestock Section of a rural journal, better explains the disappointment in the Tribunals decision.

Article by Sheree Leggerini, Contibuted by Wayne Fischer

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