$10 Million Fines Earmarked for Supermarket Giants Amid Competition Concerns

Published on April 8, 2024

Large Australian supermarkets could face fines of up to $10 million (US$6.57 million) for misconduct under a proposal to impose a mandatory code of conduct on the sector. On April 8, the Labor government released its interim report (pdf) amid a review of the voluntary Food and Grocery Code of Conduct, which governs the relationship between supermarkets and suppliers. Former Labor Minister Craig Emerson, who led the review, stated that the current code was ineffective in managing the behaviour of supermarkets. “It contains no penalties for breaches, and supermarkets can opt out of important provisions by overriding them in their grocery supply agreements,” he said in the report....

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