The RBA has admitted that some companies might be unfairly and unjustifiably increasing prices. It’s time for a serious look at what is a serious problem.
It might surprise some that I have agreed to be the chairman of the Australian Council of Trade Unions’ price-gouging inquiry.
There should be no surprise, however – either that the national organisation representing workers would call such a review, or that I would agree to be involved.
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Allan Fels is Former chairman of the Australian Competition & Consumer Commission.
