Australia implements essential food and grocery codes for supermarkets
Australia’s leading supermarkets and grocery wholesalers will be subject to the mandatory code of food and grocery conduct from April 1, 2025.
The Australian Competition and Consumer Commission (ACCC) has declared the enforcement of the revised code.
The code, enacted under the Competition and Consumer Act, applies to retailers and wholesalers over $5 billion ($3.133 billion) from supermarket or grocery wholesale operations in the previous year.
This code automatically extends the protection of suppliers that handle these entities. We provide an overview of the steps for how supermarkets and wholesalers engage in negotiations and establish contracts with suppliers.
It requires the creation of written supply agreements, compliance with legal actions, and the obligation to treat suppliers in good faith. We also protect our suppliers from any form of retaliation if we choose to assert our rights under the Code.
The ACCC is granted new authority to enforce compliance with the Food and Food Code of Conduct. You can issue an infringement notice and start legal proceedings against businesses that violate the code.
For severe violations, penalties can escalate to $10 million per case, or three times the profits earned from the violation.
These enhanced penalties serve as important deterrents to complying with code regulations.
The ACCC has set up an online portal that allows anonymous reports of suspected code violations, highlighting the challenges of retail pricing strategies, merger reforms and competitiveness. The forefront of the agenda Fiscal year 2025/26.
In September 2024, ACCC A significant reduction in consumer confidence in Coles and Woolworths are one of the leading supermarket chains in Japan.
In March 2024, the committee completed an investigation into the supermarket sector and released it 20 Recommendations aimed at improving competition in the market.
“Australia implements essential food and grocery codes for supermarkets” was originally created and published Retail Insights Networka brand owned by GlobalData.
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