The Greens have welcomed the Australian Competition and Consumer Commission\u2019s (ACCC) Federal Court action against Coles over alleged misleading \u201cspecials\u201d and pricing conduct.<\/p>\n\n\n\n
Greens Leader Senator Larissa Waters:<\/strong> \u201cBig supermarkets are using con \u2018discounts\u2019 to rip off shoppers already feeling cost-of-living pain like never before. Labor can not shrug off this blatant corporate price gouging that is driving inflation and making the cost of living worse for everyone.<\/p>\n\n\n\n \u201cFake bargains and inflated shelf prices would explain Coles managing to squeeze $1 billion in profit out of ordinary people while they struggle to make ends meet.<\/p>\n\n\n\n \u201cLabor must stand up to their big corporate donors who are making massive profits while everyone else struggles to get by.<\/p>\n\n\n\n \u201cThe Greens are proud to have led the charge on supermarket price gouging with our inquiry and divestiture Bill in the last parliament and we will continue to fight for a system that doesn\u2019t put profits before people and farmers.\u201d \u201cThe ACCC\u2019s action against Coles today confirms what people across Australia already know – when corporations have too much power, they use it to squeeze everyday people.\u201d<\/p>\n\n\n\n \u201cThese alleged illusory \u2018discounts\u2019 are one symptom of an economy where dominant firms can rort the system while households struggle with cost-of-living pressures.\u201d<\/p>\n\n\n\n \u201cThis case comes after the Greens-led Senate inquiry exposed how Coles and Woolworths use their market dominance to gouge prices and exploit customers. \u201cWe need laws that make price gouging illegal across the economy, not just in supermarkets, so corporations can\u2019t exploit times of financial pressure to hike prices with impunity. The Greens have welcomed the Australian Competition and Consumer Commission\u2019s (ACCC) Federal Court action against Coles over alleged misleading \u201cspecials\u201d and pricing conduct. Greens Leader Senator Larissa Waters: \u201cAnother day, another big corporation ripping off ordinary people. \u201cBig supermarkets are using con \u2018discounts\u2019 to rip off shoppers already feeling cost-of-living pain like never before. Labor … Continue reading “ACCC case against Coles”<\/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-37479","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\/37479","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=37479"}],"version-history":[{"count":1,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/37479\/revisions"}],"predecessor-version":[{"id":37480,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/37479\/revisions\/37480"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=37479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=37479"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=37479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\u201cAnother day, another big corporation ripping off ordinary people.<\/p>\n\n\n\n
McKim:<\/strong><\/p>\n\n\n\n
\u201cThe ACCC itself has said competition is weak and that pricing behaviour needs scrutiny.\u201d<\/p>\n\n\n\n
\u201cAnd we need divestiture powers so the ACCC and the Federal Court can break up firms that misuse their market power.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"