The federal government confirms it will impose new obligations on large supermarket chains to treat their suppliers fairly, enforced by hefty fines.
  • In short: The government has confirmed it will impose a mandatory behaviour code on supermarkets, focusing on how they treat their suppliers.
  • As recommended by Dr Craig Emerson, fines of up to $10 million would apply to supermarkets who breach their obligations to act in good faith.
  • What’s next? The government has asked the ACCC to look into customer prices, but the final report is months away.