Coalition developing ‘big stick’ law to rein in Coles and Woolworths

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Coalition developing ‘big stick’ law to rein in Coles and Woolworths
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Opposition backbenchers are putting pressure on Peter Dutton to live up to his repeated claim that the Coalition is now the party of the working classes.

that would threaten supermarket giants Coles and Woolworths with break-up powers for anticompetitive behaviour as it seeks to put the cost of living front and centre heading into a federal election.

The laws would focus only on supermarkets rather than economy-wide powers, which the Coalition is worried would spook the private sector. They would be modelled on similar narrowly defined laws in the US and UK. Canavan’s rhetoric is representative of a growing cohort of influential Coalition backbenchers – including former minister Keith Pitt and economics committee deputy chair Garth Hamilton – putting pressure on Dutton to live up to his repeated claim that the Coalition is now the party of the working classes.The main private sector lobby groups, whose positions often align with the Coalition’s, are vehemently opposed to divestiture laws.

Australian Competition and Consumer Committee chair Gina Cass-Gottlieb indicated to a Senate estimates committee last May she was supportive of divestiture powers for the Federal Court.

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