The Liberal Party might oppose a Greens and Nationals plan to break up the major grocery retailers.
Already a subscriber?The Coalition is split over whether competition regulators should be able to seek the break-up of companies such as supermarket giants Coles and Woolworths if they misuse their market power to inflate prices.
“Conceptually, I’m not against divestiture powers. They play a role in major economies around the world,” he said.“The detail of it is something that I would want to have a close look at.
“I put the challenge to the two CEOs, if you are as pure as the driven snow, as you claim to be, then why wouldn’t you help us draw up this architecture?Coles and Woolworths control about 65 per cent of the $133 billion sector. Aldi has about a 10 per cent share. “Giving our courts and competition regulators the power to smash the supermarket duopoly will help rein them in.”Former Labor minister Craig Emerson is reviewing the 2015 Food and Grocery Industry Code of Conduct. The code is now voluntary,reported at the weekend that fruit and vegetable production is set to grow strongly in coming years as costs fall and demand rises,
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