Ray White confirm that judgment has today been made against the company for breach of provisions of the Commerce Act in the real estate market.
These breaches relate to Ray White being fined under the Commerce Act for contraventions of section 27 via section 30 of the Act by entering into and giving effect to the PPL Agreement, as detailed in an Agreed Statement of Facts. In this regard judgment for an agreed penalty of $2,200,000 on Ray White has been imposed.
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