January 16, 2025
Families will head to the supermarkets this year still struggling to pay at the checkout, since the Prime Minister backtracked after promising to give more powers to the Australian Competition and Consumer Commission (ACCC) to intervene in supermarket price gouging.
Exactly one year ago today (Thursday 16 January), the Prime Minister pledged “if the ACCC asks for more powers, then my government will give it to them”. ACCC chief Gina Cass-Gottlieb then later said she would welcome new powers to break up big business including supermarkets and that those powers would be “useful to have in the toolkit”.
“The Prime Minister one year ago said he would give the ACCC whatever powers they asked for, but then fell silent once the ACCC chief said powers to break up the supermarkets would be useful,” Mr Littleproud said.
“The ACCC would welcome divestiture powers – so why isn’t the Prime Minister backing the idea, especially as families are now being forced to pay off their Christmas credit cards?”
The Coalition introduced the Competition and Consumer Amendment (Tougher Penalties for Supermarket and Hardware Businesses) Bill 2024 in November last year.
The Private Members’ Bill could be passed through Parliament in the first sitting week of 2025, if Labor backs the Bill and supports families and farmers.
The Bill is aimed at restoring fairness and will give the ACCC powers to undertake audits of supermarkets to ensure the supermarkets are compliant with the Code. It will also establish sector-specific divestiture powers – in the hands of the ACCC and the courts, not politicians –as a last resort to address the behavior of supermarkets.
“Divestiture powers introduced by the Coalition will come with appropriate public interest safeguards. We will also have infringement penalty notices, or on the spot fines, of $2 million, compared with Labor’s measly amount of $198,000, which could be pulled out of a till at any city supermarket and does nothing to change culture."
Our priorities are building stronger regional economies and secure communities, delivering opportunity and prosperity for all regional Australians, and ensuring a sustainable environment.
Stronger, more secure, sustainable local communities that provide the opportunity for everyone to prosper will deliver a stronger, more secure and sustainable nation.
The Nationals commitment to the national interest does not stop there. The Nationals provide a considered and common sense perspective on all elements of Government policy and a balance between Australia’s political extremes.
