notification of exclusive dealing - accc.gov.au · rendition homes pty ltd acn 008 288 506 of 503...

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Form G Coiiimonwealth of Australia Conilwfition cind Cotisititier Aci 201 0 —subsection 93 (1) NOTIFICATION OF EXCLUSIVE DEALING To the Australian Competition and Coiisunier Coiiiiiiission: Notice is hereby given, in accordance with subsection 9 3 ) (1) of the Coml)elition cinti Consinner Act 2010, of particulars of conduct or of proposed conduct of a kind referred to subsections 47 (2), (3), (4), (5), (6), (7) 5 (8) or (9) of that Act in which the person giving notice eiigages or proposes to engage. PLEASE FOLLOW DIRECTIONS ON BACK OF THIS FORM 1. Applicant (a) Name of person giving notice: (Rqfer to tlirection 2) Urban Renewal Authority trading as Renewal SA ABN 86 832 349 553 ("Renewal SA"); and Rendition Homes Pty Ltd ACN 008 288 506 of 503 ("Rendition") (b) Short description of business carried on by that person: (Rqfet- to clirection 3) Renewal SA is delivering a 439 allotment development consisting (it terrace homes, mixed use allotments and apartment allotments iit Clovelly Park, SA 5045, known as Tonsley. (c) Address in Australia for service ot'doctinients oii tli^lt C/- Ms Annoushka Scharnberg Finlaysons Lawyers Level 7, 81 Flinders Street Adelaide SA 5000 2. Notified arrangement (a) Description of the goods oi- scrvices in i-clatioii to tilC SLIPPIV or acquisitioii of which this iiotice relates: The proposed arrangement relates to the sale of approximately one hundred and thirty five (135) allotments within the project described above as Tonsley. (b) Description of the coiidLICt or proposed cojiduct: (Reki- to ciii-ectioti 4) Renewal SA (as vendor) ivill only agree to sell a proposed allotment to a potential purchaser on the condition that the purchaser enters into a certain buil(ling contract *- *, ith Ren(lition as the builder ivhereby lZendition Nvill undertake t[ic construction of a dwellingr on the 4904156 Vl lla(w I ol'7 z::1

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Form G

Coiiimonwealth of Australia

Conilwfition cind Cotisititier Aci 201 0 —subsection 93 (1)

NOTIFICATION OF EXCLUSIVE DEALING

To the Australian Competition and Coiisunier Coiiiiiiission:

Notice is hereby given, in accordance with subsection 93) (1) of the Coml)elition cinti

Consinner Act 2010, of particulars of conduct or of proposed conduct of a kind

referred to subsections 47 (2), (3), (4), (5), (6), (7) 5 (8) or (9) of that Act in which the

person giving notice eiigages or proposes to engage.

PLEASE FOLLOW DIRECTIONS ON BACK OF THIS FORM

1.Applicant

(a) Name of person giving notice:

(Rqfer to tlirection 2)

Urban Renewal Authority trading as Renewal SA ABN 86 832 349 553

("Renewal SA"); and

Rendition Homes Pty Ltd ACN 008 288 506 of 503 ("Rendition")

(b) Short description of business carried on by that person:

(Rqfet- to clirection 3)

Renewal SA is delivering a 439 allotment development consisting (it

terrace homes, mixed use allotments and apartment allotments iit

Clovelly Park, SA 5045, known as Tonsley.

(c) Address in Australia for service ot'doctinients oii tli^lt

C/- Ms Annoushka Scharnberg

Finlaysons Lawyers

Level 7, 81 Flinders Street

Adelaide SA 5000

2.Notified arrangement

(a) Description of the goods oi- scrvices in i-clatioii to tilC SLIPPIV or acquisitioii

of which this iiotice relates:

The proposed arrangement relates to the sale of approximately one

hundred and thirty five (135) allotments within the project described

above as Tonsley.

(b) Description of the coiidLICt or proposed cojiduct:

(Reki- to ciii-ectioti 4)

Renewal SA (as vendor) ivill only agree to sell a proposed allotment to a

potential purchaser on the condition that the purchaser enters into a

certain buil(ling contract *-*, ith Ren(lition as the builder ivhereby

lZendition Nvill undertake t[ic construction of a dwellingr on the

4904156 Vl lla(w I ol'7 z::1

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Isueld aqj pue lauijuoa 2uipl!nq aqj qj!m aaunpioaar ui juatuloile

A

Further, there are numerous builders available in South Australia who specialise in the construction of resitiential dwellings. Reneival SA respectfully considers that the market for the construction of residential dwelling is competitive and the proposed arrangement facilitates the construction of a desirable residential development as a whole which will benefit the wider community through providing a highly presentable and unique development which will also assist purchasers in maintaining a value for their dwelling due to a consistency of appearance and building style.

The aim of this arrangement is to ensure that there is a housing option available for the Tonsicy Community who would not othenvise be able to afford to live within this location and where no other existing or new housing products can meet this price point. These housing solutions would start from approximately $255,000.00 significantly below the threshold currently set for affordable housing products.

(b)Facts and evidence relied upon in support of these clainis:

The plans, drawings and specifications of the residential dwellings to be constructed evidence the public benefit claims outlined above. However these documents contain commercially sensitive information and cannot be published on the public register.

http://www.realestate.com.au/buy/proverty-land-in-sa/list-I

Please see above link to Australia's leading property website, realestate.com.au detailing in excess of 6043 vacant land blocks available for sale in South Australia as at I I August 2017

5.Market definition

Provide a description of the market(s) in which the goods or services described at 2 (a) are supplied or acquired and other affected iiiarkets including: significant suppliers aiid acquirers; substitLites available for the relevant goods or services; any restrictioii on the supply or acquisition of the relevant goods or services (for exai-nple geographic or legal restrictions): (Rqfet- to direciion 8)

The relevant markets to be affected by the proposed conduct are the markets for the development, construction and purchase of new residential dwellings in the South Australia.

Renewal SA respectfully considers that potential purchasers of developed or undeveloped residential land have a wide choice of properties to purchase ivithin Tonsley and South Australia generaliv, -ind the i-esti-iction of the use of builder for the construction of

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Dated:^ vt'" o f2017

Sigiicd by/oii behall'ot'tlie applicaiit:

..........

tnriousilkaScharnberg, Finlaysons Lav,-vers Signat

Solicitor for Rene^xal SA Finlaysons Laxvycrs of Level 7. 81 Flinders Street. Adclaide

SA 5000

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+ STAGE 6 34 STAGE 7 7 STAGE 8 17 STAGE 9 41

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154-

ANNEXUIZE A

PROPOSED I"LAN OF DIVISION

4

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