Former ACCC head Allan Fels proposes US-style divestiture laws to break up Australia's supermarket market dominated by Coles and Woolworths.
Former ACCC head, Allan Fels, calls for the introduction of US-style divestiture laws in Australia to break up the concentration of the supermarket sector, with Coles and Woolworths accounting for an estimated two-thirds of the market. Fels argues that these laws, which force companies to sell off parts of their business if they breach competition laws, would ensure a fairer market.
April 14, 2024
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