PM says he was “not aware” of any flight upgrade requests by his staff for him; Bulk billing has “stopped sliding”; PM’s HECS debt plan slammed. Live updates here.
Supermarkets that abuse their market power could be fined or broken up under an opposition proposal being unpacked in parliament. To tackle anti-competitive behaviour, the Coalition has drafted laws that could decrease costs at the check-out and increase the range of grocery providers in Australia. The market share of Woolworths and Coles has increased 3.6 per cent since 2002 and accounts for about 67 per cent of supermarket sales.
Introducing the bill in the House of Representatives, shadow treasurer Angus Taylor said it would put the major retailers on notice. “If a consumer has competition, they regulate the market, and they regulate it via the choices they make every single day,” Taylor said on Monday. “Competition is far better than anything any regulator can do here in .” The legislation would give the courts divestiture powers to force the break-up of large supermarkets and hardware businesses.
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