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Australian supermarkets face tough penalties under proposed price-gouging law

( October 19, 2025, 22:57 GMT | Official Statement) -- MLex Summary: Supermarkets found to have engaged in price gouging would be targeted by a new law, with Australia’s competition minister announcing today that the move was the result of a recent inquiry into supermarket pricing by the country’s competition watchdog. In a statement, Assistant Minister for Competition Andrew Leigh said the legislation was designed to safeguard consumers “against the risk that major supermarkets charge excessive prices, enabled by their entrenched positions in the market.” A supermarket found to have breached the proposed Competition and Consumer (Industry Codes— Food and Grocery) Amendment (Supermarkets Excessive Pricing Prohibition) Regulations 2025 would face “multi-million-dollar penalties, Leigh said in the statement.The exposure draft is attached; the statement follows: ...

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