{"id":32141,"date":"2025-04-01T01:27:32","date_gmt":"2025-04-01T01:27:32","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=32141"},"modified":"2025-04-01T01:27:32","modified_gmt":"2025-04-01T01:27:32","slug":"labors-price-gouging-plans-must-include-big-fines","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2025\/04\/01\/labors-price-gouging-plans-must-include-big-fines\/","title":{"rendered":"Labor\u2019s price gouging plans must include big fines"},"content":{"rendered":"\n<p>Any moves on price gouging by Labor must include serious penalties and enforcement powers if it\u2019s going to make any difference to people\u2019s grocery bills, the Greens say.<\/p>\n\n\n\n<p>\u201cOur policy would hit Coles and Woolies with $50 million fines if they\u2019re caught price gouging, and Labor should commit to this at the very least,\u201d said Greens Economic Justice Spokesperson Senator Nick McKim.<\/p>\n\n\n\n<p>\u201cAnd we\u2019d give courts the power to force the big supermarkets to actually lower their prices.\u201d<\/p>\n\n\n\n<p>\u201cWithout serious penalties and strong enforcement powers, the supermarket duopoly will continue to act with impunity.\u201d<\/p>\n\n\n\n<p>\u201cIf the fines are not large enough the supermarket corporations will simply absorb them into their massive profits and continue to price gouge their shoppers.\u201d<\/p>\n\n\n\n<p>\u201cThat\u2019s why the Greens will put steel in Labor\u2019s spine in a minority government.\u201d<\/p>\n\n\n\n<p>Key parts of the Greens\u2019 plan to end supermarket price gouging include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Fines of $50 million or more for corporations caught price gouging<\/li><li>A Prices Commission to monitor price setting across the economy, staffed at Productivity Commission levels<\/li><li>New price gouging laws and court-enforceable divestiture powers, enforced by the ACCC<\/li><li>20 new full-time staff at the ACCC to investigate gouging and act on referrals from the Prices Commission<\/li><\/ul>\n\n\n\n<p>\u201cBig supermarkets have been price gouging for too long and it needs to end,\u201d McKim said.<br><br>\u201cThe Greens will use the next Parliament to act faster and with real bite to tackle price gouging.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Any moves on price gouging by Labor must include serious penalties and enforcement powers if it\u2019s going to make any difference to people\u2019s grocery bills, the Greens say. \u201cOur policy would hit Coles and Woolies with $50 million fines if they\u2019re caught price gouging, and Labor should commit to this at the very least,\u201d said &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2025\/04\/01\/labors-price-gouging-plans-must-include-big-fines\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Labor\u2019s price gouging plans must include big fines&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-32141","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/32141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=32141"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/32141\/revisions"}],"predecessor-version":[{"id":32142,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/32141\/revisions\/32142"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=32141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=32141"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=32141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}