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Corporation
unitedpetroleum.com.au

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Partners & Customers

1

About United Petroleum

United Petroleum is an independent, Australian-owned petrol and convenience company which offers customers premium quality fuels and competitive pricing Australia-wide.

United Petroleum Headquarter Location

200 Hoddle Street

Abbotsford, Victoria, 3067,

Australia

+61 (03) 9413 1400

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Latest United Petroleum News

Can you prevent former staff from working for your rivals?

Jul 20, 2022

" A Queensland Federal Court justice has rejected United Petroleum’s bid to prevent a former employee from taking a job with a rival company.  Justice John Snaden ruled against United Petroleum’s request to keep a former wholesale manager from working for a direct competitor IOR Petroleum. United Petroleum cited a restraint-of-trade clause as the basis for their request.  However, Justice Snaden deemed the enforcement of the restraint as going beyond protecting legitimate commercial interests.   Invoking restraint of trade clause United Petroleum alleged that the manager had accepted the job at a rival in the aviation fuel market. This was an area that United Petroleum CEO David Szymczak said they also had planned to expand into. In his evidence to the court, Szymczak claimed that as a senior employee, the manager was aware of United Petroleum’s  commercial strategies related to the expansion. However, the manager pointed out that United Petroleum was not in the business of marketing or supplying aviation fuel and that, even if the petrol company did, he said he was not involved in any of those functions while working there. In his ruling, Justice Snaden said United Petroleum’s restraint-of-trade clause appeared “to trespass beyond what was necessary to protect legitimate commercial interests”. He added that the clause did not require the worker to confidential information – only “the advantage it might afford if possessed”. Read more: How to quit your job gracefully Victory for workers United Petroleum is not the only employer to have a restraint-of-trade clause for its workers. Giri Sivaraman, a principal at Maurice Blackburn, told the AFR that the clause was “very commonly demanded by employers in employment contracts”. “Employers rely on their superior bargaining power and the implied threat of litigating on the clauses to keep employees from working for competitors rather than the actual legality of the clauses,” Sivaraman said. “The judgment shows that a clause that goes beyond protecting legitimate commercial interests shouldn’t be enforceable ... it’s a message to employers that you can’t just put in a broad restraint clause and expect compliance.” Justice Snaden’s ruling is viewed as a significant win for employees who have been kept from working elsewhere due to the restraint-of-trade clause.

United Petroleum Acquisitions

1 Acquisition

United Petroleum acquired 1 company. Their latest acquisition was Pie Face on April 13, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/13/2017

$99M

Acquired

2

Date

4/13/2017

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

2

United Petroleum Partners & Customers

1 Partners and customers

United Petroleum has 1 strategic partners and customers. United Petroleum recently partnered with Hawthorn Football Club on February 2, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

2/6/2020

Partner

Australia

United Petroleum Partners with Hawthorn - United Petroleum

`` As part of the partnership United Petroleum will have the opportunity to activate and engage with fans at Hawthorn home games in both Melbourne and Launceston . ''

1

Date

2/6/2020

Type

Partner

Business Partner

Country

Australia

News Snippet

United Petroleum Partners with Hawthorn - United Petroleum

`` As part of the partnership United Petroleum will have the opportunity to activate and engage with fans at Hawthorn home games in both Melbourne and Launceston . ''

Sources

1

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