Treasurer Questions How Breaking Up Supermarket Giants Would Work

The Albanese government is not interested in adopting powers to break up major supermarket companies, with Treasurer Jim Chalmers highlighting several issues with the approach. It comes after the Liberal-National Coalition revealed it would back a Greens proposal to legislate government powers to “divest” supermarkets of their assets and stores if elected. Mr. Chalmers was critical of the Coalition’s lack of detail around this policy. “If you made supermarkets sell, are they allowed to sell to another big rival? Does it mean they close down more stores in local communities? And does that mean less competition rather than more competition in local communities?” he said on July 3....