Watchdog would get powers to ‘smash’ supermarket duopoly under Greens bill
The party will table a private senator's bill this week to enable the ACCC to force Coles and Woolworths to sell off parts of their business
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.
The Greens will this week table a private senator's bill seeking to introduce divestiture powers into Australian competition law. The party's economic justice spokesperson, Nick McKim, said they will seek support across the parliament for their plan which would allow the Australian Competition and Consumer Commission to apply for a court order requiring large companies to divest assets if their market power is unfairly inflating prices or blocking competition.
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