| ||AWB successful in NEAT Federal Court appeal|| ||
AWB Limited has been informed today that it was successful in defending the appeal by Neat Domestic Trading Pty Ltd (NEAT) to the Full Bench of the Federal Court in relation to the refusal by AWB (International) Limited to approve a number of bulk permits to export durum.
In handing down its judgment the Federal Court has ordered that NEAT pay all AWB’s costs in relation to the original case and the appeal.
AWB Limited’s Chief Executive, Mr Andrew Lindberg, welcomed the successful outcome stating that it was a win for all wheat growers as it validates the actions of AWB (International) Limited in the permit process and the operation of the Single Desk to maximise financial returns to all wheat growers who participate in National Pools.
“The permit system is in place to ensure wheat exports do not compete in AWB’s international markets to the detriment of the National Pool,” said Mr Lindberg.
“We have developed a marketing strategy in conjunction with Durum growers and are looking at establishing new international markets for their product to maximise their financial returns,” said Mr Lindberg.
NEAT commenced the original action earlier in 2000 in the Federal Court against the Wheat Export Authority, AWB Limited and AWB (International) Limited in relation to the refusal by AWB (International) Limited to approve the giving of bulk-export consent by the WEA to six applications by NEAT (all to export durum) between November 1999 and February 2000.
Mr Lindberg said AWB regrets NEAT did not take up its original opportunity to trade wheat through the National Pool on a basis which would have been mutually beneficial to both NEAT and growers who deliver to the National Pool.
For more information contact
Peter McBride, AWB Limited, Public Affairs (03) 9209 2174 or 0417 662 451