Supermarkets may face billions in fines for abusing market power under proposed changes
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Supermarket giants could face billions
Supermarket giants could face billions in penalties for abusing their market power under proposed changes to the Grocery Code of Conduct.
The review was conducted by former Labor minister Craig Emerson.
His report stated that there was “A heavy and persistent imbalance in bargaining power between supermarkets and their smaller suppliers.”
“This Review’s recommendations to make the Code mandatory, with heavy penalties for major breaches will, alongside effective enforcement of the existing competition laws, constitute a far more credible deterrent to anti-competitive behaviour than forced divesture laws.”
In 2022/23, Woolworths held a 37 per cent market share, 28 per cent Coles, 10 per cent Aldi, 7 per cent Metcash and 18 per cent other.
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در تاریخ 1403/01/19 منتشر شده
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