The ACCC’s report on the Australian grocery industry was due to be handed to the Assistant Treasurer, Mr Chris Bowen, today and is expected to be released next week, probably Wednesday. Substantial leaks from the ACCC to certain media outlets suggest that the report will be controversial, at least in part.
We use this submission to support the need to address the issue of ‘Creeping Acquisitions’ in our sector and in any other sector where market concentration is affecting competition. Our recent submissions to government and the ACCC have highlighted the fact that in the grocery sector, the two major players together have a share of [...]