Any views on the potential value/impact of this on AAC? Article was in Beef Central June 2. Govt has 28 days to appeal.
THE June 2011 Labor Government’s ban on live exports to Indonesia has been ruled invalid in a decision handed down by Justice Stephen Rares this morning.The decision represents a hard-won victory for the 300 or so plaintiffs who have pursued a class action filed in 2014 seeking up to $600m in compensation against the Federal Government for then agriculture minister Joe Ludwig’s 2011 suspension of the live trade to Indonesia. Justince Rares handing down his decision.There is no clear indication yet as to how much compensation the Commonwealth Government will have to pay out to the plaintiffs, an outcome that will be decided in coming months.
AAC Price at posting:
$1.02 Sentiment: Buy Disclosure: Held
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