The federal government has confirmed it will impose new obligations on large supermarket chains to treat their suppliers fairly, enforced by hefty fines.
  • In short: The government has confirmed it will impose a mandatory behaviour code on supermarkets, focusing on how they treat their suppliers.
  • As recommended by Dr Craig Emerson, fines of up to $10 million would apply to supermarkets who breach their obligations to act in good faith.
  • What’s next? The government has asked the ACCC to look into customer prices, but the final report is months away.
  • MHLoppy@fedia.ioOP
    4·
    8 days ago

    If you read the article, which part of the last-resort financial consequences do you deem insufficient to curb the “absorb the fines” business approach?