Australian Competition and Consumer Commission uses special information gathering powers to examine ‘concerning’ reports from grocery suppliersGet our breaking news email, free app or daily news podcastAustralia’s major supermarkets provide broadly similar products, prices and loyalty programs in an oligopolistic market that may limit incentives to compete vigorously, the competition regulator has found in its interim report on the sector.The Australian Competition and Consumer Commission also said grocery suppliers had raised “concerning” issues – such as being required to pay rebates for promotions to supermarkets – prompting the regulator to use its compulsory information gathering powers to examine the reported behaviour.Sign up for Guardian Australia’s breaking news email Continue reading…
Source link : https://www.theguardian.com/australia-news/2024/sep/26/mirror-like-offering-by-supermarket-giants-may-be-stifling-vigorous-competition-accc-report-says
Author : Jonathan Barrett Senior business reporter
Publish date : 2024-09-26 12:30:01
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