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Supermarkets targeted in latest opposition party push for Australian divestiture powers

By Ryan Cropp ( July 2, 2024, 06:24 GMT | Insight) -- Australia’s main opposition party has maintained the pressure on the country's government over the need for divestiture powers, introducing a proposal targeted at major supermarket chains just days after rejecting a similar proposal by a minor party lawmaker. Speaking to reporters in Canberra today, Peter Dutton, the leader of the opposition Liberal Party of Australia, said if his party won power at the next election — due in 2025 — it would give the Australian Competition & Consumer Commission the ability to break up supermarkets and hardware retailers.Australia’s main opposition party has maintained the pressure on the country's government over the need for divestiture powers, introducing a proposal targeted at major supermarket chains just days after rejecting a similar proposal by a minor party lawmaker....

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