{"id":34571,"date":"2025-08-28T18:59:17","date_gmt":"2025-08-28T08:59:17","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=34571"},"modified":"2025-08-28T18:59:17","modified_gmt":"2025-08-28T08:59:17","slug":"greens-bills-to-break-up-supermarket-duopoly-and-ban-price-gouging-back-in-parliament","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2025\/08\/28\/greens-bills-to-break-up-supermarket-duopoly-and-ban-price-gouging-back-in-parliament\/","title":{"rendered":"Greens Bills to break up supermarket duopoly and ban price gouging back in Parliament"},"content":{"rendered":"\n<p>The Greens have reintroduced their two key Bills to take on corporate profiteering \u2013 one to give the ACCC divestiture powers to break up corporations when they misuse their market power, and another to make price gouging illegal across the economy.<\/p>\n\n\n\n<p>\u201cCorporate giants are bleeding people dry while the Labor Government sits on its hands,\u201d Greens Economic Justice Spokesperson Senator Nick McKim said.<br><br>\u201cColes and Woolworths have built their empires on exploiting their market dominance. They gouge shoppers, farmers, and workers.\u201d<br><br>\u201cThe Greens\u2019 Bills would finally give the ACCC the teeth to break them up and outlaw price gouging across the whole economy.\u201d<br><br>\u201cTwo weeks ago the Reserve Bank found that declining competition and increased mark-ups have reduced productivity and left the average person $3000 worse off over ten years. That\u2019s the price of letting corporations run the economy for their own benefit.\u201d<\/p>\n\n\n\n<p>\u201cNow, in the profit-reporting season, the evidence is in black and white. Australia\u2019s biggest oligopolies are raking in staggering profits off the back of ordinary people\u2019s pain.\u201d<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Insurance giant IAG just booked $1.359 billion net profit, up 66% on last year.<\/li>\n\n\n\n<li>Commonwealth Bank pulled in more than $10 billion, their highest in at least a decade.<\/li>\n\n\n\n<li>Coles pocketed nearly $1.2 billion, a 3.1% jump on last year.<\/li>\n<\/ul>\n\n\n\n<p>\u201cSince Labor came to power in 2022, food and groceries have risen on average by 14%. For some essentials it\u2019s much worse: bread is up nearly 20%, cheese 20%, eggs 40%, and oil nearly 30%.\u201d<\/p>\n\n\n\n<p>\u201cLabor promised to ban supermarket price gouging but have gone missing in action. If they were serious about helping people through this cost-of-living crisis, they\u2019d back the Greens\u2019 Bills.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Greens have reintroduced their two key Bills to take on corporate profiteering \u2013 one to give the ACCC divestiture powers to break up corporations when they misuse their market power, and another to make price gouging illegal across the economy. \u201cCorporate giants are bleeding people dry while the Labor Government sits on its hands,\u201d &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2025\/08\/28\/greens-bills-to-break-up-supermarket-duopoly-and-ban-price-gouging-back-in-parliament\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Greens Bills to break up supermarket duopoly and ban price gouging back in Parliament&#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-34571","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\/34571","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=34571"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/34571\/revisions"}],"predecessor-version":[{"id":34572,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/34571\/revisions\/34572"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=34571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=34571"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=34571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}