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The competition watchdog is pushing to have its case against the nation's biggest milk processor Murray Goulburn tried before a class action threatens to drag the matter out.
The Australian Competition and Consumer Commission launched Federal Court proceedings against Murray Goulburn and its former chief executive in April over claims they misled and treated farmers unfairly.
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Dairy processor Murray Goulburn will close three factories across Australia, including two in Victoria, causing the loss of 360 jobs.
The claims relate to representations made by Murray Goulburn to its Southern Milk Region dairy farmers about the average farmgate milk price (FMP) it expected to pay them during financial year 2015/16.
The commission alleges that Murray Goulburn misled farmers into thinking they would get as high a price as $6.05 for the season when in fact that was not the case.
It said the class action related to misleading conduct towards investors, whereas the ACCC's claim is for unconscionable and false, misleading or deceptive conduct towards farmers.
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