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Chalmers says ‘risks outweigh the benefits’ of breaking up the big supermarkets
Jim Chalmers was also up on ABC News Breakfast this morning, where he was asked if there’s a reason the government can’t commit to more of the 20 recommendations?
The ACCC has handed down a 441-page report and not on any of those pages does it support the divestiture powers which have been proposed by our political opponents.
If you make one of the big chains sell in the community, there’s a risk that it’s just snapped up by the other big player in the supermarket sector and that would be counter-productive. Or if it chases supermarket options out of town in regional communities. It’s got hairs all over it frankly.
We’re making the food and grocery code mandatory. We’re empowering the ACCC. We’re cracking down on mergers and acquisitions. We’re working to make it easier for new entrants to compete with the two big supermarkets in particular. These are all of the things that we’re cracking down on when it comes to the supermarkets.
We don’t want the supermarkets to be treating Australians like mugs.
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Source link : https://www.theguardian.com/australia-news/live/2025/mar/21/australia-news-live-accc-supermarket-report-us-alliance-anthony-albanese-peter-dutton-federal-election-victoria-bail-laws-ntwntfb
Author : Emily Wind
Publish date : 2025-03-20 21:04:00
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