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Australia to Mandate Supermarket Code with Heavy Fines

Australia mandates a supermarket code to ensure fair treatment of suppliers, imposing billion-dollar fines for breaches. Affects major chains like Woolworths, Coles, ALDI.

by Mark Eisenberg
Mon, Jun 24, 2024 8:48am
in Economy
• 2 mins read
14.8k
Australia to Mandate Supermarket Code with Heavy Fines | FinOracle

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Australia to Enforce Mandatory Supermarket Code: Huge Fines for Breaches

Australia is set to make an industry code of conduct mandatory for big supermarket chains. If these supermarkets don't follow the rules, they could face billion-dollar fines. This move is to ensure that suppliers, especially farmers, get fair treatment regarding pricing.

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