ACCC Needs More Power, Not Just More Money   
2024-10-01
greens.org.au
The Greens welcome more funding for the ACCC and closer scrutiny of land banking, but warn that these measures alone won’t bring down food and grocery prices.

“Labor is scrambling to catch up, but without divestiture powers and stronger anti-price gouging laws, this is just fiddling at the margins,” Greens Economic Justice Spokesperson Senator Nick McKim said.

“Coles and Woolworths continue to exploit their dominance, and only making price gouging illegal and breaking up the duopoly will deliver fairer prices for shoppers.”

“Labor remains the only party standing in the way of serious reform.”

“The Greens have long advocated for divestiture laws to prevent Coles and Woolworths from using their market power to gouge consumers.”

“Today's announcement is a small step, but it’s far from enough."

“Without giving the ACCC the ability to break up the duopoly and hold them accountable for price gouging, Australians will continue to suffer at the checkout.”

“The Greens have legislation ready to go, and we’re calling on Labor to finally back real competition.”