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    Standard Chartered sets out sustainable growth plan, targeting ~18 per cent RoTE in 2030 .

    Standard Chartered to acquire Zodia Custody’s custody business.

    The Joint Secretary, Ministry of Petroleum & Natural Gas, Ms. Sujata Sharma addressing at the Inter- Ministerial Briefing on Recent Developments in West Asia at National Media Centre, in New Delhi on May 18, 2026.

    Approx. 13.5 LMT DAP and 7 LMT NPKs secured from out of Strait of Hormuz for arrival at Indian ports in May and June

    Stellantis and Accenture Announce Plans for a Strategic Partnership to Advance AI-Driven Manufacturing with NVIDIA .

    NextEra Energy and Dominion Energy to Combine, Creating the World’s Largest Regulated Electric Utility Business and North America’s Premier Energy Infrastructure Platform Benefiting Customers.

    Renault Niagara: the name of the new robust versatile pick-up designed for Latin America

  • National
    • All
    • Economy & Politics
    • Election

    Joyalukkas ‘Brilliance Diamond Jewellery Show’ in Koramangala, Bengaluru from 15th May to 31st May 2026.

    Nationwide bandh called: Food Safety and Drug Administration issues precautionary measures to public and guidelines to departments.

    Amit Shah inaugurates State-of-the-Art Milk Processing Plant of Madhur Dairy at Dashela, Giving new momentum to the vision of “Sahkar Se Samriddhi”.

    Grand Inauguration of Lulu Hypermarket on 17th  May 2026 at Gopalan Grand Mall on Old Madras Road, Nagavarapalya, C V Raman Nagar, Bengaluru, Karnataka graced by Mr. Yusuff Ali M. A., Chairman & Managing Director of Lulu Group International along with other Lulu Group Dignitaries.

    Lulu Hypermarket NOW OPEN AT GOPALAN GRAND MALL ,Old Madras Road,Bengaluru.

    PHOTO CREDIT-ADANI Group

    Gautam Adani Launches ₹150 Crore Rural Vision Care Initiative in Bihar with Capacity for 3.3 Lakh Surgeries Annually, Commits An Additional ₹500 Crore for Nationwide Expansion .

    Union Railway Minister Ashwini Vaishnaw Flags Off Bengaluru–Mumbai Express Train Strengthening Rail Connectivity Between Karnataka and Maharashtra

  • Business

    Standard Chartered sets out sustainable growth plan, targeting ~18 per cent RoTE in 2030 .

    Standard Chartered to acquire Zodia Custody’s custody business.

    The Joint Secretary, Ministry of Petroleum & Natural Gas, Ms. Sujata Sharma addressing at the Inter- Ministerial Briefing on Recent Developments in West Asia at National Media Centre, in New Delhi on May 18, 2026.

    Approx. 13.5 LMT DAP and 7 LMT NPKs secured from out of Strait of Hormuz for arrival at Indian ports in May and June

  • Health

    The Superfood Sweetener .

    Global health gains face threat of reversal .

    Roche receives CE mark for new blood test to detect Alzheimer’s pathology: Elecsys® plasma phosphorylated-tau 217 (pTau217).

    DKMS Foundation India brings together changemakers and medical leaders at the Lifesaver Honours Night in Bengaluru to support blood cancer patients

    DKMS Foundation Hosts ‘Lifesaver Honours Night’ to Celebrate Changemakers in the Fight Against Blood Cancer.

    DKMS Foundation India Launches Free HLA Typing for Children with Thalassaemia.

    Dr. Mansukh Mandaviya to inaugurate 100-bedded ESIC Hospital at Doddaballapur, Karnataka on 3rd May

  • Technology
    • All
    • Environment
    • Science

    Stellantis and Accenture Announce Plans for a Strategic Partnership to Advance AI-Driven Manufacturing with NVIDIA .

    AI-Powered Financial Inclusion in India

    logo

    The AI Reckoning: 73% of Executives Report Underwhelming ROI from AI Efforts as Focus Shifts from Hype to High-Stakes Pressure Testing

    Roche receives CE mark for new blood test to detect Alzheimer’s pathology: Elecsys® plasma phosphorylated-tau 217 (pTau217).

    India’s AI Boom Faces Reality Check as ROI and Governance Lag: ISACA Report.

    CAQM conducts inspection drive in Noida, directs Intensified Mitigation and Strict Enforcement

  • Auto

    Renault Niagara: the name of the new robust versatile pick-up designed for Latin America

    Tata Motors Passenger Vehicles Limited (formerly Tata Motors Limited) Consolidated Q4 FY26 Results.

    Tata Motors Passenger Vehicles introduces AMT in the Altroz iCNG.

    PHOTO CREDIT-JLR

    JLR DELIVERS SIGNIFICANTLY IMPROVED Q4 PERFORMANCE IN CHALLENGING YEAR .

  • Sports

    TATA IPL 2026 Playoffs tickets to go live from May 20.

    Tributes, tradition mark the inauguration of SM Krishna Memorial Open

    Teen sensation Kriish Tyagi enters the SM Krishan Stadium for practice with a renewed confidence.-PHOTO CREDIT-Deepthi Indukuri / KSLTA.

    8 Indians in main draw as SM Krishna Memorial Open begins new Challenger era.

    Bombay Shirt Company

    Bombay Shirt Company and JioStar Unite to Bring a Fresh Take to ‘On-Air Styling’ for India’s Biggest Summer Cricket Broadcast.

  • Entertainment

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

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    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

  • Lifestyle
    • All
    • Food
    • Travel
    Grand Inauguration of Lulu Hypermarket on 17th  May 2026 at Gopalan Grand Mall on Old Madras Road, Nagavarapalya, C V Raman Nagar, Bengaluru, Karnataka graced by Mr. Yusuff Ali M. A., Chairman & Managing Director of Lulu Group International along with other Lulu Group Dignitaries.

    Lulu Hypermarket NOW OPEN AT GOPALAN GRAND MALL ,Old Madras Road,Bengaluru.

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    Air India rationalises international route network through August 2026, to continue operating 1,200+ international flights every month .

    Roche receives CE mark for new blood test to detect Alzheimer’s pathology: Elecsys® plasma phosphorylated-tau 217 (pTau217).

    DKMS Foundation India brings together changemakers and medical leaders at the Lifesaver Honours Night in Bengaluru to support blood cancer patients

    DKMS Foundation Hosts ‘Lifesaver Honours Night’ to Celebrate Changemakers in the Fight Against Blood Cancer.

    Jammu Directly Linked with Kashmir via Passenger Train for the First Time .

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Court penalises potato wholesaler for breaching the Horticulture Code and declares unfair contract terms void

FWM by FWM
August 2, 2019
in Business
0
2 August 2019

In proceedings brought by the ACCC, the Federal Court has declared that certain terms of contracts between Australia’s largest potato wholesaler, Mitolo Group Pty Ltd, and potato growers entered into between December 2016 and February 2018 were unfair contract terms and therefore void.

The Federal Court ordered that Mitolo pay a pecuniary penalty of $240,000 for contraventions of the Horticulture Code of Conduct in relation to 19 contracts entered into with potato growers, arising from Mitolo trading pursuant to contracts which did not specify the time in which the price was to be agreed with growers in writing. Mitolo was also ordered to pay the ACCC’s costs in the amount of $50,000.

The contract terms which were declared to be unfair included terms that allowed Mitolo to unilaterally determine or vary the price Mitolo paid farmers for potatoes, unilaterally vary other contractual terms, declare potatoes as “wastage” without a mechanism for proper review, and prevent farmers from selling potatoes to alternative purchasers.

The Court also declared that terms in Mitolo’s contracts preventing farmers from selling their own property unless the prospective purchaser entered into an exclusive potato farming agreement with Mitolo were unfair contract terms.

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“This is the first Court imposed penalty for a contravention of the new Horticulture Code,” ACCC Deputy Chair Mick Keogh said.

“This is an important case for the ACCC as it goes to the heart of fairness issues the ACCC is seeking to address in agriculture. Since the ACCC’s Agriculture Unit was set up, a key concern raised by farmers relates to the degree of risk they carry and detriment they suffer as a result of imbalanced contracts.”

Through its industry engagement, the ACCC received complaints about Mitolo’s contracts from growers and industry bodies.

In addition to the orders made by the Court, Mitolo provided the ACCC with a court enforceable undertaking which contains a revised form of contract. Mitolo has undertaken to contract with growers on terms no less favourable than the revised contract terms, which are annexed to the undertaking.

“The new Mitolo contract terms are intended to provide potato growers with greater transparency and certainty over pricing, and allow them to sell potatoes to other parties if they are not satisfied with the price received from Mitolo,” Mr Keogh said.

“We take these matters very seriously, and the Court’s ruling confirms that both the Horticulture Code and the unfair contract terms law provide farmers with important protections against companies that seek to impose and enforce unfair terms,” Mr Keogh said.

In resolving this matter, Mitolo made admissions to the Court and made joint submissions with the ACCC in relation to the appropriate penalty to be imposed.

Tags: Mitolo Group Pty Ltd
FWM

FWM

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