Senate committee examined how major chains including Coles and Woolworths have set prices during Australia’s cost of living crisisGet our morning and afternoon news emails, free app or daily news podcastMajor supermarkets should be forcibly broken up if they engage in anti-competitive behaviour, a Senate inquiry has recommended, in a move designed to empower shoppers and suppliers against Australia’s dominant food retailers.The findings pit the Greens-chaired Senate committee against the Labor government, which opposes legislative changes that would allow the court-enforced divestiture of assets. Supporters say the move would act as an incentive for supermarkets to not misuse market power.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…
Source link : https://www.theguardian.com/australia-news/article/2024/may/07/senate-supermarkets-inquiry-findings-results-woolworths-coles-australia-government
Author : Jonathan Barrett
Publish date : 2024-05-07 07:13:38
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