Treasurer Jim Chalmers has agreed to a mandatory Food and Grocery Code of Conduct, paving the way for multibillion-dollar fines for the supermarket giants in a move that could cause apprehension in the business community.
Dr Chalmers said the government would also adopt all 11 recommendations of a review into the code undertaken by former Labor cabinet minister and columnist for The Australian Financial Review Craig Emerson.
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Ronald Mizen reports on politics, economics, business and the law, with a focus on corporate regulators, lobbyists and investigations from Parliament House, Canberra. Connect with Ronald on Twitter. Email Ronald at ronald.mizen@afr.com
