The ACCC said Coles did NOT pass on in full a 10 cents per litre price increase to Norco, despite advertisements claiming farmers would receive it. 9News
"Accepting this commitment means that farmers will receive additional payments from Coles, with the majority of the money to be paid to Norco within seven days," ACCC chair Rod Sims said.
"Court action would also have taken many months if not years, with no guarantee that any money would have been paid to farmers as a result." Coles confirmed in a statement that it would be coughing up an immediate lump sum payment of $2.8 million to be distributed to farmers, as well as the additional 7 cent increase for 2L and 3L milk until at least June 2020.
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