Great supermarkets in Australia and grocery stores are subject to the mandatory behavior bases for food and groceries as of April 1, 2025.
The Australian Competition and Consumer Committee (ACCC) has announced revised law enforcement.
The symbol, which was enacted under the competition and consumer law, is enacted on retailers and wholesalers with revenues exceeding $ 5 billion ($ 3.13 billion) of supermarkets or trade operations in the previous fiscal year.
The symbol automatically extends protection for suppliers who deal with these entities. It defines the procedures for how to participate in supermarkets and wholesale merchants in negotiations and establish contracts with their suppliers.
It imposes the establishment of written offer agreements, adhering to legal behavior and committing to the treatment of suppliers in good faith. It also protects suppliers from any form of revenge when they choose to confirm their rights under the law.
ACCC has been granted new powers to impose compliance with the rules of food behavior and groceries. Violation notifications can be issued and legal procedures began against companies that violate the law.
In cases of severe violations, penalties can escalate to $ 10 million per accident or three times the interest obtained from the violation, or if this value is not limited, up to 10 % of the company’s annual rotation of the previous year.
These improved penalties are an important deterrent to ensure commitment to law regulations.
ACCC has created an online portal that enables the unknown reporting of the suspected violations of the law, and highlights that retail pricing strategies, integration reforms and facing competition challenges will be in Introduction from her agenda For the fiscal year 2025/26.
In September 2024, ACCC published a temporary report highlighting A. A significant decrease in consumer confidence towards The country’s leading supermarket chains, Colors Wollworth.
In March 2024, the committee completed its investigation in the supermarket and issued 20 recommendations aim to improve competition within the market.
“Australia imposes the mandatory food and grocery symbol of supermarkets” was originally created and published by Retail networkThe brand owned by Globaldata.
Information on this site was included in good faith for public media purposes only. It is not intended to reach the advice that you should depend on, and we do not provide any representation, guarantee or guarantee, whether it is explicit or implicit in relation to accurately or completing it. You must have a professional or specialized advice before taking any action based on the content on our website.
https://s.yimg.com/ny/api/res/1.2/ZtVJr.QdXedSoyNKCQyD4w–/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/retail_insight_network_724/1134272c4a5a515affa362b9f161a9c5
Source link