Australia’s competition regulator would gain powers to “smash the supermarket duopoly” and force the breakup of big supermarket chains, under a push from the Greens to be introduced to federal parliament.
As political focus in Australia’s cost of living crisis has shifted to the market power of supermarkets, several politicians have raised discussions about potential divestment reforms. Crossbench MPs Bob Katter and Andrew Wilkie proposed forced divestiture of Coles and Woolworths last month, promoted with a media stunt where the two donned inflatable pig costumes.
Fels told Guardian Australia divestiture powers should be a “core economic principle”, available across the whole economy, claiming it would better compel good corporate behaviour than the threat of fines. In a May 2023 estimates hearing, McKim asked Cass-Gottlieb if the market power of the big supermarkets made it easier for them to raise prices.“Consistent with the capacity of concentrated sectors to have higher mark-ups, there is a capacity to do so,” she said.
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