Australian Competition and Consumer Commission v Baxter Healthcare was a decision of the High Court of Australia, which ruled on 29 August 2007 that Baxter Healthcare Pty Limited, a tenderer for various government contracts, was bound by the Trade Practices Act 1974 (TPA) (Australian legislation governing anti-competitive behaviour) in its trade and commerce in tendering for government contracts. More generally, the case concerned the principles of derivative governmental immunity: whether the immunity of a government from a statute extends to third parties that conduct business with the government. The High Court's judgment marked a successful appeal for the Australian Competition and Consumer Commission, the Australian regulator of anti-competitive conduct, having lost at first instance and on appeal in the Federal Court of Australia. The ACCC was again successful when the case was remitted to the Federal Court for reconsideration, ending eight years of litigation between the parties. The High Court's judgment was received as a significant precedent in the law of derivative governmental immunity in Australia.

Read the rest of this article: http://en.wikipedia.org/wiki/Australian_Competition_and_Consumer_Commission_v_Baxter_Healthcare

_______________________________ Today's selected anniversaries:

1721:

Robert Walpole took office as First Lord of the Treasury, Chancellor of the Exchequer and Leader of the House of Commons, becoming what would later be recognised as the first British Prime Minister. http://en.wikipedia.org/wiki/Robert_Walpole

1850:

Los Angeles was incorporated as a municipality, five months before California achieved U.S. statehood. http://en.wikipedia.org/wiki/Los_Angeles

1949:

Twelve nations signed the North Atlantic Treaty, creating NATO, an organization that constitutes a system of collective defense whereby its member states agree to mutual defense in response to an attack by any external party. http://en.wikipedia.org/wiki/NATO

1968:

American civil rights leader Martin Luther King, Jr. was assassinated on the balcony of the Lorraine Motel in Memphis, Tennessee, US. http://en.wikipedia.org/wiki/Martin_Luther_King%2C_Jr._assassination

1975:

Bill Gates and Paul Allen founded Microsoft in Albuquerque, New Mexico, US, to develop and sell BASIC interpreters for the Altair 8800. http://en.wikipedia.org/wiki/Microsoft

_____________________________ Wiktionary's word of the day:

witness (v): 1. To furnish proof of, to show. 2. To take as evidence. 3. To see, note, or gain knowledge of. 4. (with to) To present personal religious testimony http://en.wiktionary.org/wiki/witness

___________________________ Wikiquote quote of the day:

The first peace, which is the most important, is that which comes within the souls of people when they realize their relationship, their oneness, with the universe and all its powers, and when they realize that at the center of the universe dwells Wakan-Tanka, and that this center is really everywhere, it is within each of us. This is the real peace, and the others are but reflections of this. The second peace is that which is made between two individuals, and the third is that which is made between two nations. But above all you should understand that there can never be peace between nations until there is known that true peace, which, as I have often said, is within the souls of men. --Black Elk http://en.wikiquote.org/wiki/Black_Elk