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Greens’ supermarket-busting bill labelled ‘extreme’ by business, but has Liberal backer

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The proposed powers – which are also backed by the Nationals – could be used to force Woolworths and Coles to sell assets if the supermarkets grow too big.

The most senior Liberal member on the House of Representatives economic committee has spoken out supporting breaking up big businesses, as the Coalition debates its position on the Greens’ proposal to end the duopoly held by the big supermarkets.

“In the end, the companies have got to make a viable return for their shareholders, otherwise they don’t operate, they don’t employ people, but equally, we need to make sure that consumers are getting value for money and the farmers aren’t being ripped off,” Dutton told 3AW on February 20. Business Council of Australia chief executive Bran Black on Sunday slammed the proposal, arguing it does not solve issues currently being reviewed by the“These are extreme powers which do not help the cost-of-living crisis, and it would mean courts and the ACCC decide which businesses and jobs need to go,” Black said.

“We have a private sector economy in Australia and not a command and control economy. We’re not the old Soviet Union. So, we need to be very careful about the language that we use. And what we need to do is to put in place proper competition measures,” Albanese said on ABC radio last month.

 

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Greens’ supermarket-busting bill labelled ‘extreme’ by business, but has Liberal backerThe proposed powers – which are also backed by the Nationals – could be used to force Woolworths and Coles to sell assets if the supermarkets grow too big.
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