The federal government has confirmed it will impose new obligations on large supermarket chains to treat their suppliers fairly, enforced by hefty fines.
  • In short: The government has confirmed it will impose a mandatory behaviour code on supermarkets, focusing on how they treat their suppliers.
  • As recommended by Dr Craig Emerson, fines of up to $10 million would apply to supermarkets who breach their obligations to act in good faith.
  • What’s next? The government has asked the ACCC to look into customer prices, but the final report is months away.
  • TinyBreak
    1·
    5 months ago

    when its good business practices to do the wrong thing and just absorb the cost of the fine the this means jack shit. Whats worse is the government arnt stupid, they KNOW this. Its all for show.

    • MHLoppy@fedia.ioOP
      4·
      5 months ago

      If you read the article, which part of the last-resort financial consequences do you deem insufficient to curb the “absorb the fines” business approach?