The Australian Competition and Consumer Commission (ACCC) chair, Gina Cass-Gottlieb, expresses ongoing concerns about the pricing practices of major supermarkets, Coles and Woolworths. Cass-Gottlieb anticipates releasing a comprehensive report detailing these concerns to the government by the end of February.
Gina Cass-Gottlieb says the ACCC has ‘high concerns’ about supermarkets and ‘will give a very extensive report to the government quite soon’.Gina Cass-Gottlieb says the ACCC has ‘high concerns’ about supermarkets and ‘will give a very extensive report to the government quite soon’.The head of the competition and consumer regulator still has “high concerns” about the pricing practices of Australia’s dominant supermarkets even after they were subjected to litigation and intense public scrutiny.
“The best answer on an interim basis today is we continue to have high concerns and we will give a very extensive report to the government quite soon.Bryce New of New South Wales supplied another example of “shrinkflation”, whereby the cost of a loaf of bread, per gram, had gone up markedly after Coles reduced its size.
New said Coles relaunched the bread in 440g loaves, for $6.25, which meant the price per gram had gone up by 38%. “Market concentration is a growing challenge across the Australian economy – in supermarkets and retail, in aviation, and in many of our essential services,” Cass-Gottlieb will say.Last year, the federal government allocated $30m to the competition regulator for dedicated investigations and enforcement activities in the supermarket and broader retail sector.
SUPERMARKETS COMPETITION LAW CONSUMER PROTECTION INFLATION PRICING
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ACCC issues urgent recall of baby sling carrierAustralia’s product safety watchdog has issued a recall for a baby carrier after it was sold without important labels that warn of fatal hazards.
Read more »
ABC Chair Ita Buttrose Sought to Have Anti-Israel Host Replaced, Emails RevealExtraordinary emails read in court showed then ABC Chair Ita Buttrose pushing for the replacement of anti-Israel host Antoinette Lattouf, expressing a desire for her to become ill. Lattouf, who was a fill-in radio presenter for the ABC, is suing the public broadcaster over claims of unfair dismissal in December 2023. The emails revealed Buttrose's frustration with Lattouf's appointment and the criticism the ABC received due to her views on the Israeli-Palestinian conflict.
Read more »
Ken Martin elected new chair of Democratic National CommitteeMinnesota Democratic–Farmer–Labor chair to lead party still reeling from extensive losses
Read more »
Faiz Shakir Launches Longshot Bid for DNC Chair, Vows to Make It a 'Working Class' OrganizationFormer Bernie Sanders campaign manager Faiz Shakir has entered the race for Democratic National Committee chair, promising to transform the party into a more inclusive, grassroots-driven organization focused on the working class. Shakir, who also served as national political director of the American Civil Liberties Union, believes the DNC needs a new vision to rebuild after its dismal performance in the November elections and to better serve the needs of average Americans. He faces an uphill battle against frontrunners Ken Martin and Ben Wikler, but Shakir is determined to reimagine the DNC's role and purpose.
Read more »
Shock new Voice judges revealed after red chair exodusChannel 7 has officially unveiled the new coaching line-up for the upcoming 14th season of The Voice Australia after three of its celebrity judges left their red chairs.
Read more »
Price leads calls for land council chair to be sacked over criminal pastThere are calls for the Albanese Government to intervene and sack the head of a powerful land council after his violent criminal past was revealed.
Read more »