Greens Bills to break up supermarket duopoly and ban price gouging back in Parliament
Greens Bills to break up supermarket duopoly and ban price gouging back in Parliament | Australian Greens Skip to main content Search Get Involved Join Donate Our plan Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action Policy principles & aims Our team Federal MPs State/territory MPs Officeholders Media releases Take action Volunteer Donate Issues & campaigns Events Greens Shop Leave a bequest Our movement About the Greens Become a member Jobs Green Magazine All news Get Involved Join Donate Search Our plan Toggle Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action Policy principles & aims Our team Toggle Federal MPs State/territory MPs Officeholders Media releases Take action Toggle Volunteer Donate Issues & campaigns Events Greens Shop Leave a bequest Our movement Toggle About the Greens Become a member Jobs Green Magazine All news Greens Bills to break up supermarket duopoly and ban price gouging back in Parliament 2025-08-27 The Greens have reintroduced their two key Bills to take on corporate profiteering – one to give the ACCC divestiture powers to break up corporations when they misuse their market power, and another to make price gouging illegal across the economy.
“Corporate giants are bleeding people dry while the Labor Government sits on its hands,” Greens Economic Justice Spokesperson Senator Nick McKim said. “Coles and Woolworths have built their empires on exploiting their market dominance. They gouge shoppers, farmers, and workers.” “The Greens’ Bills would finally give the ACCC the teeth to break them up and outlaw price gouging across the whole economy.” “Two weeks ago the Reserve Bank found that declining competition and increased mark-ups have reduced productivity and left the average person $3000 worse off over ten years.
That’s the price of letting corporations run the economy for their own benefit.” “Now, in the profit-reporting season, the evidence is in black and white. Australia’s biggest oligopolies are raking in staggering profits off the back of ordinary people’s pain.” Insurance giant IAG just booked $1.359 billion net profit, up 66% on last year. Commonwealth Bank pulled in more than $10 billion, their highest in at least a decade.
Coles pocketed nearly $1.2 billion, a 3.1% jump on last year. “Since Labor came to power in 2022, food and groceries have risen on average by 14%. For some essentials it’s much worse: bread is up nearly 20%, cheese 20%, eggs 40%, and oil nearly 30%.” “Labor promised to ban supermarket price gouging but have gone missing in action.
If they were serious about helping people through this cost-of-living crisis, they’d back the Greens’ Bills.” Facebook for the Australian Greens YouTube for the Australian Greens X for the Australian Greens Instagram for the Australian Greens Bluesky for the Australian Greens Privacy Members website Your safety Contact us Our plan Tax the 1% Tackle the cost of living Healthcare for all Fix the housing crisis Strong climate action In your language 2025 policy platform Policy principles & aims Our team Federal MPs State/territory MPs Officeholders Federal portfolios Federal media releases Take action Volunteer Donate Issues & campaigns Upcoming events Greens Shop Leave a bequest Green Magazine All news Our movement About the Greens Become a member Jobs Members website State/territory parties Contact us The Greens acknowledge the Traditional Owners of country throughout Australia and recognise their continuing connection to land, waters and culture.
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