Labor Pledges to Outlaw Supermarket Price Gouging in Re-Election Bid

The Albanese government announces plans for an excessive pricing regime and commits to implementing ACCC recommendations to curb market power in the grocery sector.

• Labor has announced a policy to make supermarket price gouging illegal if re-elected, addressing growing cost-of-living concerns.
• A new taskforce will be established to design an 'excessive pricing regime' for supermarkets, with enforcement by the ACCC.
• The ACCC's recent report highlighted the dominance and profitability of Coles, Woolworths, and Aldi but stopped short of recommending divestiture or accusing them of price gouging.
• Labor opposes breaking up supermarket chains, a measure supported by the Greens and Coalition, arguing it would be counterproductive.
• The government plans to adopt ACCC recommendations, including improving price transparency, reviewing loyalty programs, and consulting international models for pricing regulation.

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