A PYMNTS Company

Australia: Supermarket competition policy is no more for ACT

By  |  May 7, 2013

The Australian Capital Territory, Australia’s smallest self-governing internal territory, has scrapped its competition policy concerning supermarkets three years after its implementation, citing market changes and more interest from the Australian Competition and Consumer Commission to regulate the sector. Former ACCC commissioner John Martin reviewed the market and looked to have the government regulate, leading to the policy. But with new entrants in the market since – like Aldi and Cosco – the 2010 policy may not be as effective, according to the Economic Development Minister Andrew Barr. Political rivals, however, contest that the policy has been abandoned simply because it has not been functioning well.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Yahoo News

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.