Aussie supermarkets could face big fines for code breaches
The Government rejected the ‘big stick’ of asset sales, and now a former Labor minister is recommending stiff fines of up to A$4b for anti-competitive behaviour.
Woolworths and rival Coles have about two-thirds of the Australian grocery market.
Australian supermarkets that transgress a code of conduct on competitive behaviour would be liable for fines of up to 10% of their turnover under the recommendations of a new report to the Federal Government.
Former Labor Small Business and Competition Minister Craig Emerson was appointed by the
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