Sunday, December 22, 2024

After months of reviews, the government has made its first move on the big supermarkets

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The federal government has confirmed it will impose new obligations on large supermarket chains to treat their suppliers fairly, enforced by hefty fines.

In a move that has been anticipated for several months, the voluntary code of conduct the supermarkets wrote themselves a decade ago will now become mandatory with tougher prohibitions against making unreasonable demands or threats to suppliers.

This was the main recommendation of a review conducted by former Labor minister Craig Emerson and finalised this week. The government will adopt all of Dr Emerson’s recommendations.

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