Monday 24 June 2024

Supermarkets Facing Multi-Billion Dollar Fines For Code Of Conduct Breaches

BY JACK SEYMOUR

Hunter shoppers and farmers could see fairer prices on supermarket shelves.

An independent review has found supermarket giants with an annual revenue of more than $5 billion should face heavy fines for failing to meet a mandatory code of conduct.

All 11 recommendations of the probe have the backing of the Federal Government, in an effort to increase competition in the grocery sector.

Upper Hunter MP Dave Layzell says the proposal is a step towards ensuring farmers and shoppers are better protected.

"Some of these rules will make sure farmers are treated properly and will make sure we get a good price for those who produce our food, as well as making sure we have good prices for those who buy our food."