The Bull

Monday 18

February, 2019 5:11 AM

Seednet fined $1m for false barley claims

Seednet fined $1m for false barley claims

Landmark-owned Seednet has copped a $1 million Federal Court fine for making false claims about a certain variety of barley.

Share |

By AAP 07.12.2018 01:17 PM

The Federal Court has ruled a seed marketing business was sowing dishonesty when it claimed a new variety of barley was stronger and more tolerant to disease.

Landmark-owned Seednet has copped a $1 million fine for telling farmers between December 2014 and December 2016 the Compass variety of barley was able to stay upright better than an older product.

For a year, the business also distributed fact sheets that claimed Compass had more resistance to debilitating leaf rust than it actually did.

The Australian Competition and Consumer Commission, which initiated proceedings against Seednet in August, said the company's conduct had denied grains producers the chance to make an informed decision about what they put on their farms.

"Exaggerated marketing of new agricultural produce is a major concern across the industry," ACCC deputy chair Mick Keogh said.

"At the time of the release of a new crop variety, farmers and their agronomists lack other sources of independent information beyond what businesses tell them."

The Federal Court also ordered Seednet pay $50,000 as a contribution to the ACCC's legal costs.

Leaf rust is a plant fungus that can severely affect barley crops, particularly where a crop is left untreated.

  • Trump to get update on China trade talks

    US duties on $US200 billion worth of Chinese imports are set to rise to 25 per cent from 10 per cent if no deal is reached by March 1 to address US demands

  • SA govt unveils Repat Hospital plan

    The South Australian government has unveiled its master plan to redevelop Adelaide's Repatriation Hospital.

  • US-China talks to boost Aussie market

    Australia's share market is tipped to open higher on Monday after optimism surrounding US and China trade talks.

  • The Week Ahead

    In Australia, the December quarter Wage Price Index release dominates the local agenda in the coming week.

  • ASX closes flat as more companies report

    The Australian sharemarket has managed to finish in positive territory as more companies reported earnings results.

  • Stocks to watch

    Stocks of interest at the close of trade on the ASX on Thursday, February 14.

  • Germany to let NATO use its cyber skills

    Germany is to join the ranks of NATO countries making its cyber warfare skills available to the alliance to help fight hacking and electronic warfare, officials said on Thursday.

  • Domain posts $156.4m loss as listings fall

    Domain's first-half loss has widened to $156.4 million after Sydney and Melbourne's stumbling property markets forced it to take a large non-cash impairment.

  • Farmer denies scaring vegans with gunshot

    A WA farmer who asked vegans to stop filming calves on his property and leave, then fired a shot into farmland, says he wasn't trying to scare them.

  • CommSec Daily Report Friday

    The local sharemarket is mostly flat so far in a choppy session of trade. The ASX 200 is marginally higher by 6 points or 0.1% to 6066 points towards lunch after trading in a narrow 18 point band...

Index: Points Change Percent


© Copyright All rights reserved.