Australia Introduces New Rules to Fight Grocery Price Gouging
Update: 2025-12-13
Description
Australian Government Introduces New Rules to Combat Excessive Pricing at Grocery StoresThe Australian government is implementing new measures to prevent large retailers from charging excessive prices at grocery stores. The Food and Grocery Code of Conduct will have updated rules, effective July 1st, to stop retailers from setting prices that are too high compared to their costs and a fair profit margin. The Australian Competition and Consumer Commission (A triple C) will enforce these rules, with potential fines of up to ten million dollars or ten percent of the companys turnover. This move comes after a report suggesting that Coles and Woolworths market dominance led to little competition and higher prices.
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