Australia to make supermarket industry code mandatory, breaches may result in huge fines

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Australia could impose billion dollar fines on big supermarket chains that fail to comply with an industry code of conduct, the federal government said on...

SYDNEY - Australia could impose billion dollar fines on big supermarket chains that fail to comply with an industry code of conduct, the federal government said on Monday as it seeks to address concerns that suppliers have been unfairly squeezed on pricing.

"This is about getting a fair go for families and a fair go for farmers," a joint statement by Treasurer Jim Chalmers, agriculture minister Murray Watt and competition minister Andrew Leigh said. Representatives for Woolworths and Coles said their companies would consider the report's recommendations and the government's response and were committed to supporting a sustainable grocery sector.

"To protect growers we need a code with strong enough deterrents to influence behavior in the supply chain."Donald Trump has claimed he’s better for Jewish Americans than Democrats, but according to a former senior Trump Organization executive, the former president reveled in making Nazi jokes around his Jewish employees.

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