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Australian supermarkets to face higher penalties under new mandatory industry code

( June 24, 2024, 00:36 GMT | Official Statement) -- MLex Summary: Australia’s major supermarket chains may face penalties of up to A$10 million ($6.6 million) for breaches of a newly revised code of conduct for the grocery sector, the government has announced. In a joint statement today, Treasurer Jim Chalmers, Assistant Treasurer Andrew Leigh and Agriculture Minister Murray Watt said the government would adopt all11 recommendations from a recently commissioned review of the country’s Food and Grocery Code of Conduct. The changes proposed by the government include making the code mandatory for supermarkets with a revenue greater than A$5 billion and creating an anonymous whistleblower mechanism for complaints by food and grocery suppliers.The full statement from Treasurer Jim Chalmers, Assistant Treasurer Andrew Leigh and Agriculture Minister Murray Watt follows; a government-commissioned review of the Grocery Code of Conduct is attached; and the Australian government's response to the review is also attached:...

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