Cost of living is one of the biggest issues for Australians.
With grocery prices skyrocketing, the government is exploring all avenues to ease the financial pressure.
One piece of the puzzle is the Food and Grocery Code of Conduct.
This had introduced in 2015, the code covers the relationship between supermarkets and their suppliers, regulating how business occurs between the two parties, ensuring it's a fair and transparent process - and it’s currently under review.
On 10 January 2024, the Prime Minister, the Treasurer, the Minister for Agriculture Fisheries and Forestry, and the Assistant Minister for Competition, Charities, and Treasury announced the appointment of the Economist, Dr. Craig Emerson to lead the 2023–24 Review of the Food and Grocery Code of Conduct.
Dr Craig Emerson is heading up the investigation.
The Food and Grocery Code of Conduct is voluntary. It is prescribed under the Competition and Consumer Act 2010. The code was introduced to improve standards of business behaviour in the food and grocery sector. This includes the conduct of retailers and wholesalers towards suppliers.
Mr Jochinke recognises it's only one part of improving supply chains in Australia.
The Australian Food and Grocery Council were not available for comment.
The review is accepting submissions until the end of February.
