Craig Emerson, who is leading the review into supermarkets code of conduct, argues against divestiture powers in the report, stating that it is a populist idea and unclear who the stores would be sold to if forced to divest.
Former Labor minister Craig Emerson, who is leading the review into supermarkets code of conduct , says breaking up major chains under laws wouldn’t help consumers.It comes as the interim review of the Food and Grocery Code of Conduct is released today, and the recommendations are .
“It’s one of these frankly, populist ideas,” Emerson told ABC’s RN Breakfast this morning.He said if a divestiture law was brought in, he said it was unclear who the stores would be sold to if the assets had to be sold-off. “Let’s say it’s Coles who gets hit by forced divestiture , they’re going to sell to Woolworths? What does that do for market concentration?He said they could be sold to a foreign multinational, but they may not come to Australia.
Labor Minister Review Supermarkets Code Of Conduct Divestiture Powers Consumers Australian Competition And Consumer Commission Market Concentration
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