The Greens propose divestiture powers to break up supermarket giants like Coles and Woolworths for market abuse.
The Greens propose introducing divestiture powers to allow the government to break up supermarket giants, including Coles and Woolworths, if they are found guilty of practices such as predatory pricing, price gouging, and market abuse. This comes as part of the party's efforts to tackle the market dominance of these supermarket duopolies. The Greens hope to gain support from all parties for the proposed legislation, which would introduce divestiture powers into Australian competition law.
March 18, 2024
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