ACCC investigates Woolworths and Coles over fake discounts, as government proposes stricter supermarket laws.

The Australian Competition and Consumer Commission (ACCC) will investigate supermarket giants Woolworths and Coles, examining prices, profitability, and supply chains. The inquiry follows accusations of misleading customers with fake discounts, prompting legal action by the ACCC. The federal government proposes stricter merger laws and mandatory codes of conduct to boost competition, with heavy penalties for violations.

November 17, 2024
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