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Australia: Greens party tackles supermarket duopoly

By  |  August 1, 2013
Australia: Greens party tackles supermarket duopoly

The Greens political party recently announced a new policy with intentions of breaking Australia’s supermarket duopoly, an effort applauded by various produce growers, say reports. The policy, first announced Thursday morning by the party’s competition spokesman, would amend the Competition and Consumer Act to ensure that enforcement against anticompetitive behavior would consider the effects of such behavior. In terms of specific effects, the proposal would bar expansions by supermarket giants Coles and Woolworths, preventing the companies from acquiring agricultural land. The plan would also place an additional $100 million in the Australian Competition and Consumer Commission budget. The proposal came just before a public symposium on Supermarket Power in Australia.

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