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Australian supermarkets face up to A$10m in penalties under new price-gouging law

( December 15, 2025, 00:06 GMT | Official Statement) -- MLex Summary: Supermarkets found to have engaged in price gouging would be targeted by the new price-gouging law, the Australian government has announced. In a joint statement on Sunday, Australia’s Assistant Minister for Competition Andrew Leigh and Treasurer Jim Chalmers announced that the government has crafted new regulations to ban supermarket price gouging. The statement said that a supermarket found to have breached the new Competition and Consumer (Industry Codes— Food and Grocery) Amendment (Supermarkets Excessive Pricing Prohibition) Regulations would face A$10 million ($6.6 million) in penalties. It added that the move was the result of a recent inquiry into supermarket pricing by the country’s competition watchdog. The new law with come into effect on July 1, 2026.Statement follows:...

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