Australia to tighten supermarket regulations, introduce new penalties

Woolworths, Coles, Aldi and wholesaler Metcash make up more than 80% of the Australian market. (Image: WSJ)

Mon, 24 Jun 2024

By Mike Cherney Australia plans to tighten regulations on supermarkets, including strengthening a code of conduct and introducing new penalties, amid concerns that big grocery chains have too much leverage over smaller suppliers.Under the new rules, a code of conduct that oversees the relationship between supermarkets and their suppliers, which until now had been voluntary, would be made mandatory. Hefty penalties would be instituted for the most serious breaches, and regulators would be able to issue infringement notices with enhanced fin...

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