Greens Bills to break up supermarket duopoly and ban price gouging back in Parliament
2025-08-27
greens.org.au
The Greens have reintroduced their two key Bills to take on corporate profiteering – one to give the ACCC divestiture powers to break up corporations when they misuse their market power, and another to make price gouging illegal across the economy.   :)

“Corporate giants are bleeding people dry while the Labor Government sits on its hands,” Greens Economic Justice Spokesperson Senator Nick McKim said.

“Coles and Woolworths have built their empires on exploiting their market dominance. They gouge shoppers, farmers, and workers.”

“The Greens’ Bills would finally give the ACCC the teeth to break them up and outlaw price gouging across the whole economy.”

“Two weeks ago the Reserve Bank found that declining competition and increased mark-ups have reduced productivity and left the average person $3000 worse off over ten years. That’s the price of letting corporations run the economy for their own benefit.”

“Now, in the profit-reporting season, the evidence is in black and white. Australia’s biggest oligopolies are raking in staggering profits off the back of ordinary people’s pain.”

Insurance giant IAG just booked $1.359 billion net profit, up 66% on last year.
Commonwealth Bank pulled in more than $10 billion, their highest in at least a decade.
Coles pocketed nearly $1.2 billion, a 3.1% jump on last year.
“Since Labor came to power in 2022, food and groceries have risen on average by 14%. For some essentials it’s much worse: bread is up nearly 20%, cheese 20%, eggs 40%, and oil nearly 30%.”

“Labor promised to ban supermarket price gouging but have gone missing in action. If they were serious about helping people through this cost-of-living crisis, they’d back the Greens’ Bills.”

whiteknight wrote on Aug 27^th, 2025 at 5:39pm:

Greens Bills to break up supermarket duopoly and ban price gouging back in Parliament

So have they updated their policies on what constitutes price-gouging, which was merely a profit of $100 million, not related to the cost of carrying stock on the shelves. ;)

That’s never happened whitish night/ labor staffer . Alb is more concerned about wars on the other side the world than giving a passing thought about Australia and we who pay his wages and crazy overseas holidays!

I appreciate the effort but a labor Alb led government is never going to agree.

Time for the greens to  stand up and do something and withdraw all support from Alo labor government

Bring on another election  8-)

I call him alb now because I can’t even respect his nickname.

whiteknight wrote on Aug 27^th, 2025 at 5:39pm:

“Since Labor came to power in 2022, food and groceries have risen on average by 14%. For some essentials it’s much worse: bread is up nearly 20%, cheese 20%, eggs 40%, and oil nearly 30%.” ”

Higher electricity prices resulting from renewable rubbish pushed by people like the Greens means increased costs.

Have a look at the fridges/freezers in supermarkets along with AC how much do you think they cost to run?

These higher electricity costs get passed on to consumers