$10 Million Fines Earmarked for Supermarket Giants Amid Competition Concerns

Australia’s two largest supermarket chains have been blamed for putting pressure on suppliers to lower costs.
$10 Million Fines Earmarked for Supermarket Giants Amid Competition Concerns
Woolworths, Coles and Aldi supermarket signage in Melbourne, Australia, on March 13, 2024. Asanka Ratnayake/Getty Images
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Large Australian supermarkets could face fines of up to $10 million (US$6.57 million) for misconduct under a proposal to impose a mandatory code of conduct on the sector.

It comes as supermarkets bear the brunt of criticism for alleged price gouging amid the country’s cost of living crisis.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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