ACCC takes supermarkets to task over code

ACCC chairman Rod Sims has again taken the supermarkets to task about their dealings with suppliers.

ACCC chairman Rod Sims.

ACCC chairman Rod Sims has again taken the supermarkets to task about their dealings with suppliers. (AAP)

The competition watchdog has again expressed disappointment at how Australia's major supermarkets deal with suppliers.

Woolworths, Aldi and Coles have signed up to a voluntary code of conduct for the food and grocery industry, implemented after the Australian Competition and Consumer Commission began investigating alleged abuses of market power by major supermarkets in 2013.

But ACCC chairman Rod Sims says the major supermarkets haven't "got off to a great start" in presenting new supply agreements.

"We have written to these retailers expressing our concerns. This action, which we made public, as some suppliers urged us to do, was not a signal that the code faces great difficulties; it was, instead, a signal that we will do what we can to ensure the code succeeds," Mr Sims said.


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Source: AAP


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