Supermarkets Soon to Be Slapped with $10m Fines for Price Gouging

Coles and Woolies blast new supermarket price gouging laws

‘The law is ... creating an uneven playing field which will see much larger, foreign-owned retailers free to charge customers whatever they want.’

Coles and Woolworths hit back at government's price gouging ban

Lower grocery bills are being promised within this new ban on price gouging, but giant retailers say they are the ones feeling the pinch.

‘Fairer go’: Major changes to hit supermarkets

Coles and Woolies will face up to $10m in fines if they breach the new laws, announced as part of Labor’s crackdown on price-gouging.

Supermarkets Say Price Gouging Ban Does Not Check Out

Australia’s major supermarkets are furious they are being targeted with more regulations, with Coles crying poor about making about $2.50 for every $100 a customer spends. The federal government has introduced rules to limit “excessive pricing of groceries” with changes to Australia’s Food and Grocery Code of Conduct, which was made mandatory in April. The move against price-gouging—foreshadowed before a snap consultation period earlier in the y…

Coles, Woolworths hit back at ‘unprecedented’ pricing rules

Coles and Woolworths warn that a new law banning “excessive pricing” will lift grocery bills and create an uneven playing field.

Australia to Ban Supermarket Price Gouging in Sweeping Competition Reforms

(Bloomberg) — Australia will ban supermarket price gouging from July 1 under a new law the government says would protect shoppers from excessive grocery prices charged by major retailers.