Senate report accuses Coles and Woolworths of exploiting growers, proposes divestiture powers, bans price gouging, and establishes a Commission on Prices and Competition.
The Senate Select Committee on Supermarket Prices report reveals widespread exploitation of growers by supermarkets, with Coles and Woolworths suspected of abusing their market power. The report proposes creating divestiture powers, banning price gouging, and establishing a separate Commission on Prices and Competition. It also calls for mandatory adoption of the Food and Grocery Code of Conduct and extending it to cover greenlife industries and other large retailers.
May 06, 2024
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