Australia's opposition proposes a bill to curb supermarket monopolies and boost competition.

Australia's opposition has proposed legislation to prevent supermarket giants like Woolworths and Coles from abusing their market power, potentially leading to fines or breakups. The bill aims to boost competition, allowing smaller and international brands to enter the market, especially in underserved areas, which could lower prices. The opposition criticizes the Labor government for not adopting divestiture reforms, while Labor supports alternative measures to enhance competition.

November 04, 2024
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