Government report stops short of recommending powers to break up big chains despite calls for forced divestiture laws
Government report stops short of recommending powers to break up big chains saying heavy fines and effective enforcement would be ‘a more credible deterrent’Australia’s big supermarkets could face hefty fines as part of a federal government plan to make the grocery code of conduct mandatory and give it teeth.
Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup The report – which is being released for feedback – recommends the code “be made mandatory and apply to all supermarkets with annual revenues exceeding $5 billion, which at present are Coles, Woolworths and ALDI, and wholesaler, Metcash”.
But Emerson’s interim report to the government said the review “does not support a forced divestiture power to address market power issues in the supermarket industry”.Our Australian morning briefing breaks down the key stories of the day, telling you what’s happening and why it matters“If forced divestiture resulted in a supermarket selling some of its stores to another large incumbent supermarket chain, the result could easily be greater market concentration,” Emerson’s report said.
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