Patrick Stevedores Holdings Pty Ltd - s.87B undertaking

The ACCC commenced certain proceedings in relation to certain activities of the MUA and others. Arrangements were entered into between the ACCC and the MUA to resolve the proceedings. As part of these arrangements, Patrick agreed to make certain payments to compensate persons affected by the activities. Patrick undertook also to comply with the terms of a deed entered into between it and the ACCC. As part of its obligations under this deed, Patrick agreed to make certain payments into a trust, to be established by the ACCC, for the purposes of compensating persons for losses arising in connection with the events referred to in the statement of claim.