The Australian Competition and Consumer Commission challenged Prime Carbon Pty. Ltd., a company that sells carbon credits, for falsely claiming that it was certified by the National Stock Exchange of Australia and that the National Environment Registry, a company through which Prime Carbon supplied some of its credits, was regulated by the Australian Government. The Federal Court ruled that Prime Carbon had misrepresented its services and affiliations, violating section 53 of the Trade Practices Act 1974. Prime Carbon was ordered to publicize the court’s orders to its customers and Kenneth Bellamy, the sole director of the company, was ordered to undergo compliance training.
|03/11/2010||Press Release||Download||see case summary|