Overview

• The ACCC's final report identifies Coles and Woolworths as controlling 67% of the supermarket market, creating an oligopolistic structure with limited competition.
• The report reveals that grocery prices have risen 24% over the past five years, surpassing wage growth, while profit margins for Coles, Woolworths, and Aldi have also increased.
• The ACCC proposed 20 recommendations to improve competition and transparency, including publishing price changes online, regulating promotions, and enhancing supplier protections.
• The federal government accepted the recommendations in principle but rejected calls for divestiture powers, citing risks of unintended consequences.
• Legal actions against Coles and Woolworths for allegedly misleading pricing practices are ongoing, as public debate over supermarket reforms continues.