AusRAIL, Market Sectors

QR tempers reaction to Toll’s ‘Clayton’s restructure’

<p>QR would watch the development of the Toll restructure &#8220with interest&#8221, managing director Bob Scheuber told <em>Lloyd’s List DCN.</em> </p> <p>Last year, Mr Scheuber labelled the split a &#8220Clayton’s restructure&#8221 and posed the question, &#8220when is an undertaking, not an undertaking?&#8221 on the Australian Competition and Consumer Commission’s reaction to the proposal.</p> <p>&#8220As we stated in December when this restructure was announced, this move raises some interesting issues and concerns for QR,&#8221 he said. </p> <p>&#8220It will be interesting to see how it works in practice and if the two companies will be truly independent.&#8221</p> <p>QR provided a submission to the ACCC on the restructure and was pleased that some of its concerns had been addressed, Mr Scheuber said. </p> <p>&#8220Obviously QR accepts the umpire’s decision, but, along with others in the marketplace, will watch with interest,&#8221 he said. </p> <p>&#8220From our perspective, we had already factored this decision into our plans. QR will be forging on with our national expansion plans, determined to give customers a genuine alternative in the marketplace."</p> <br />