The Greens\u2019 Bill to ban corporate price gouging across the economy will be debated in Parliament tomorrow, giving Labor the chance to stop sitting on its hands and tackle inflation.<\/p>\n\n\n\n
\u201cPrice gouging is a major driver of inflation, and Australians are copping it every day,\u201d Greens Economic Justice Spokesperson Senator Nick McKim said.<\/p>\n\n\n\n
\u201cWhen big corporations with market power jack up prices simply because they can, that feeds inflation right through the economy\u201d<\/p>\n\n\n\n
\u201cSupermarkets are a clear example, but this problem goes far beyond the checkout. Price gouging is happening across the economy, and it\u2019s keeping inflation higher for longer.\u201d<\/p>\n\n\n\n
The Greens\u2019 Bill would make price gouging illegal across the economy and give the ACCC the powers it needs to investigate and prosecute corporations that exploit their market power to unfairly hike prices.<\/p>\n\n\n\n
\u201cInstead of leaving the inflation fight to the Reserve Bank and interest rate rises, the government should be tackling corporate price gouging, which is one of the major inflation drivers.\u201d<\/p>\n\n\n\n
\u201cLabor promised to act on price gouging. Tomorrow, they\u2019ll have the chance to prove it.\u201d<\/p>\n\n\n\n
\u201cIf Labor is serious about bringing inflation down and easing cost-of-living pressure, they should support the Greens\u2019 Bill and ban price gouging across the economy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
The Greens\u2019 Bill to ban corporate price gouging across the economy will be debated in Parliament tomorrow, giving Labor the chance to stop sitting on its hands and tackle inflation. \u201cPrice gouging is a major driver of inflation, and Australians are copping it every day,\u201d Greens Economic Justice Spokesperson Senator Nick McKim said. \u201cWhen big … Continue reading “Greens anti-price gouging Bill to be debated tomorrow”<\/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-37239","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\/37239","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=37239"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/37239\/revisions"}],"predecessor-version":[{"id":37240,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/37239\/revisions\/37240"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=37239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=37239"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=37239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}