CANBERRA, Nov 27 — The Australian government today introduced a bill into parliament that would impose potentially billion-dollar fines on big supermarket chains that fail to...
K-pop star GOT7’s Mark Tuan explores Selangor’s royal heritage with private palace tour hosted by Princess Tengku Zatashah during Malaysia visitThe legislation follows accusations from politicians and farmers that the biggest supermarket chains are using their scale to stifle competition, mistreat suppliers and overcharge customers, charges the companies reject.
The legislation would impose fines of up to 10 per cent of annual turnover for breaches of the code, which mainly covers dealings with suppliers. High inflation has eroded the approval rating of the centre-left Labor government ahead of an election due early next year.
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