Boral not passing on carbon tax savings: ACCC

The Australian Competition and Consumer Commission has said it is “chasing up” Boral’s failure to pass on
savings from the carbon tax repeal. 

Legislation to remove the tax was passed last July, and ACCC chair Rod Sims said that compliance from
businesses affected had since been very good.

However, he singled out
landfill companies and Boral for not passing on savings.

The ACCC said that the
building products company informed customers in 2012 that the price of cement
and terracotta products would increase 1 and 3 per cent respectively.

The firm’s CEO Mike Kane said at the company’s AGM in October 2013 that the carbon tax was costing the
company about $15 million a year.

“We’ve got a couple of
companies we’re chasing up but they’re more ambiguous and so we haven’t named
them,” The Australian Financial Review reports Sims as saying.

“But Boral, yes, we do have
a problem with. And we’re engaging with them.”

A spokesman for Boral told
the AFR that it was continuing to comply with its obligations related to the
tax’s removal.

Image: http://www.vasa.org.au