Australia’s big supermarkets could face penalties of up to $10m under proposed mandatory code
Government report stops short of recommending powers to break up big chains saying heavy fines and effective enforcement would be ‘a more credible deterrent’Get our morning and afternoon news emails, free app or daily news podcastAustralia’s big supermarkets could face hefty fines as part of a federal government plan to make the grocery code of conduct mandatory and give it teeth.A report ordered by the government – to be released on Monday – warns changes are needed to redress “a heavy imbalance in market power between suppliers and supermarkets in Australia’s heavily concentrated supermarket industry”.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...
Government report stops short of recommending powers to break up big chains saying heavy fines and effective enforcement would be ‘a more credible deterrent’
Australia’s big supermarkets could face hefty fines as part of a federal government plan to make the grocery code of conduct mandatory and give it teeth.
A report ordered by the government – to be released on Monday – warns changes are needed to redress “a heavy imbalance in market power between suppliers and supermarkets in Australia’s heavily concentrated supermarket industry”.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading...
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