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The Food and Grocery Code of Conduct Review has been released

The minister for agriculture, fisheries and forestry, and the assistant minister for competition, charities and treasury have jointly released the independent review of the Food and Grocery Code of Conduct.

This report was conducted by the Hon Dr Craig Emerson.

The purpose of the Code is to address harmful practices in the grocery industry stemming from an imbalance of bargaining power between supermarkets and their suppliers.

The final report made 11 recommendations for improving the Code, including making the Code mandatory, drawing on submissions received during the review.

The federal government has released a response to the new recommendations, which suggests all 11 will be implemented.

“We understand that more needs to be done to achieve a competitive and sustainable food and
grocery sector that works for Australian farmers and families. We have directed the ACCC to conduct an inquiry into supermarket pricing, with a final report and recommendations due in February 2025,” the federal government said in a new report.

“We have also funded CHOICE to conduct quarterly price monitoring reports to provide consumers with more information about where to access the best deals, with the first report out later this month.

“We are also progressing legislation to implement the biggest change to our merger
reform system in almost 50 years.”

For more information on the review, please visit https://treasury.gov.au/publication/p2024-534717-final-report

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