Supermarkets to be liable for heavy fines as Labor promises price gouging crack down on supermarkets

Anthony Albanese has promised that a re-elected Labor government will outlaw price gouging by supermarkets by the end of the year, marking the first big policy announcement of the campaign. The prime minister on Sunday announced Labor will act on recommendations made by the Australian Competition and Consumer Commission (ACCC) to improve transparency about supermarket prices, promotions and loyalty programs. Labor will also establish a taskforce to provide advice on introducing an “excessive pricing regime” for supermarkets, which would be enforced by the ACCC. Albanese indicated supermarkets could be liable for “heavy fines” but said the consumer watchdog would be

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