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Australia: Supermarket competition policy is no more for ACT

By  |  May 7, 2013
Australia: Supermarket competition policy is no more for ACT

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.

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