Supermarket Giants Probed Amid Allegations of Unfair Practices

Published on January 26, 2024

The Australian government has directed its consumer watchdog to investigate pricing and competition within the supermarket sector—the first in 16 years—following allegations of price gouging by major chains. The Australian Competition and Consumer Commission (ACCC) will conduct a 12-month inquiry into how supermarkets charge for their products and whether they engaged in unfair pricing practices. This marks the first inquiry into the supermarket sector since 2008 when the ACCC investigated allegations about restrictive tenancy provisions in contracts signed by Coles and Woolworths with shopping centres that prevented them from leasing space to competing supermarkets. The government said the move was part of a broad plan to boost competition in the sector and reduce living cost pressures for Australians....

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