Shops that sell groceries often show a unit price alongside the total selling price of a product. This helps consumers compare prices and find the best value for money.
The ACCC is seeking views from consumers and businesses in the Queanbeyan area on Woolworths' proposed acquisition of SUPA IGA Karabar.
Woolworths and SUPA IGA Karabar currently compete in supplying groceries in the broader Queanbeyan region (encompassing Karabar and Jerrabomberra).
Post the acquisition, Woolworths is proposing to operate a Woolworths Metro supermarket on the existing SUPA IGA Karabar premises.
The ACCC will not oppose Woolworths’ (ASX: WOW) acquisition of 65 per cent of the shares in wholesale food distributor PFD Food Services, following a detailed investigation that found the transaction is not likely to substantially lessen competition.
“We conducted extensive market inquiries across the industry, and undertook detailed analysis of supplier and competitor data, and internal documents of key interested parties. Ultimately the evidence before us did not indicate the transaction would be likely to substantially lessen competition,” ACCC Chair Rod Sims said.
The ACCC is seeking views on a proposed undertaking offered by Woolworths (ASX: WOW) and PFD Food Services in relation to Woolworths’ proposed acquisition of 65 per cent of PFD.
A grocery supply agreement is between a supplier and a retailer or wholesaler for the supply of groceries to a supermarket business.
A supplier may be unable to, or prefer not to, resolve a dispute directly with a retailer or wholesaler. If this happens, the code provides ways for a supplier to raise and resolve disputes.
The good faith obligation applies to retailers and wholesalers who have signed up to the code. It is intended to build trust and improve standards of behaviour.
Suppliers doing business with a grocery retailer or wholesaler who has signed up to the code, has rights and protections under the code and under the Competition and Consumer Act 2010.
The Food and Grocery Code of Conduct is a voluntary code prescribed under the Competition and Consumer Act 2010. Once a retailer or wholesaler signs up, they must follow the rules of the code.
The Food and Grocery Code of Conduct governs certain behaviour by some grocery retailers and wholesalers in their dealings with suppliers.